Avantis Global Credit ETF (NASDAQ:AVGB) Shares Shorted: Short Interest Down 77.4% in October

Avantis Global Credit ETF (NASDAQ:AVGB) was the target of a large decline in short interest in October. As of October 30th, there was short interest totaling 2,903 shares, a decline of 77.4% from the October 15th total of 12,859 shares. Based on an average daily volume of 6,564 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Avantis Global Credit ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Plancorp LLC boosted its stake in Avantis Global Credit ETF by 153.7% during the 3rd quarter. Plancorp LLC now owns 24,635 shares of the company’s stock valued at $1,238,000 after purchasing an additional 14,926 shares during the last quarter. Citadel Advisors LLC purchased a new position in Avantis Global Credit ETF in the 2nd quarter worth $861,000. CoreCap Advisors LLC purchased a new stake in Avantis Global Credit ETF in the 3rd quarter worth approximately $3,166,000. Simplicity Wealth LLC purchased a new position in Avantis Global Credit ETF during the third quarter valued at $25,131,000. Finally, Park Avenue Securities LLC bought a new position in Avantis Global Credit ETF during the 3rd quarter valued at about $9,662,000.

Avantis Global Credit ETF Price Performance

AVGB traded down $0.03 during trading on Friday, reaching $50.14. 2,748 shares of the stock were exchanged, compared to its average volume of 7,114. Avantis Global Credit ETF has a twelve month low of $49.51 and a twelve month high of $52.07. The stock’s 50 day moving average price is $50.06 and its two-hundred day moving average price is $50.78.

Avantis Global Credit ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Tuesday, September 8th were issued a $0.5015 dividend. This is a boost from Avantis Global Credit ETF’s previous quarterly dividend of $0.2707. The ex-dividend date was Tuesday, September 8th. This represents a $2.01 dividend on an annualized basis and a yield of 4.0%.

About Avantis Global Credit ETF

Avantis Credit ETF is an actively managed exchange-traded fund that aims to maximize total return. The fund invests primarily in investment-grade quality debt obligations from a diverse group of U.S. and non-U.S. issuers