Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC – Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 210,701 shares, an increase of 142.0% from the May 14th total of 87,074 shares. Based on an average trading volume of 140,976 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.5% of the company’s shares are short sold.
Avantis U.S. Small Cap Equity ETF Stock Up 1.0%
AVSC stock traded up $0.71 during midday trading on Friday, reaching $71.22. The company’s stock had a trading volume of 98,771 shares, compared to its average volume of 132,280. Avantis U.S. Small Cap Equity ETF has a 52 week low of $49.58 and a 52 week high of $71.69. The stock has a market cap of $2.81 billion, a PE ratio of 14.03 and a beta of 1.04. The business’s 50-day simple moving average is $67.50 and its 200-day simple moving average is $63.78.
Hedge Funds Weigh In On Avantis U.S. Small Cap Equity ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FAS Wealth Partners Inc. boosted its stake in Avantis U.S. Small Cap Equity ETF by 2.0% in the first quarter. FAS Wealth Partners Inc. now owns 277,447 shares of the company’s stock valued at $17,285,000 after acquiring an additional 5,394 shares during the last quarter. Summit Financial Wealth Advisors LLC raised its holdings in Avantis U.S. Small Cap Equity ETF by 5.8% in the first quarter. Summit Financial Wealth Advisors LLC now owns 3,867 shares of the company’s stock worth $241,000 after purchasing an additional 212 shares during the period. Western Wealth Management LLC acquired a new stake in Avantis U.S. Small Cap Equity ETF in the first quarter worth $310,000. Arkadios Wealth Advisors raised its holdings in Avantis U.S. Small Cap Equity ETF by 244.6% in the first quarter. Arkadios Wealth Advisors now owns 15,206 shares of the company’s stock worth $947,000 after purchasing an additional 10,793 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Avantis U.S. Small Cap Equity ETF by 100.0% in the first quarter. EverSource Wealth Advisors LLC now owns 672 shares of the company’s stock worth $42,000 after purchasing an additional 336 shares during the period.
About Avantis U.S. Small Cap Equity ETF
The Avantis U.S. Small Cap Equity ETF (AVSC) is an exchange-traded fund that is based on the Russell 2000 index. The fund is an actively-managed portfolio of US small-cap value companies selected based on fundamental criteria. AVSC was launched on Jan 11, 2022 and is managed by American Century Investments.
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