Short Interest in Avantis Global Credit ETF (NASDAQ:AVGB) Declines By 58.4%

Avantis Global Credit ETF (NASDAQ:AVGB – Get Free Report) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 2,170 shares, a drop of 58.4% from the May 14th total of 5,214 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 14,604 shares, the short-interest ratio is currently 0.1 days.

Avantis Global Credit ETF Price Performance

Shares of Avantis Global Credit ETF stock remained flat at $51.03 on Friday. 875 shares of the stock traded hands, compared to its average volume of 2,435. The business has a 50 day simple moving average of $51.03 and a 200-day simple moving average of $51.06. Avantis Global Credit ETF has a twelve month low of $50.35 and a twelve month high of $52.07.

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Avantis Global Credit ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, June 9th were issued a $0.2707 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $1.08 annualized dividend and a dividend yield of 2.1%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Plancorp LLC boosted its holdings in shares of Avantis Global Credit ETF by 10.7% in the fourth quarter. Plancorp LLC now owns 5,155 shares of the company’s stock valued at $262,000 after acquiring an additional 500 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Avantis Global Credit ETF by 39.7% in the fourth quarter. Jane Street Group LLC now owns 6,590 shares of the company’s stock valued at $335,000 after acquiring an additional 1,872 shares in the last quarter. Werba Rubin Papier Wealth Management boosted its holdings in shares of Avantis Global Credit ETF by 194.0% in the fourth quarter. Werba Rubin Papier Wealth Management now owns 15,711 shares of the company’s stock valued at $798,000 after acquiring an additional 10,367 shares in the last quarter. Finally, Beacon Pointe Advisors LLC bought a new position in shares of Avantis Global Credit ETF in the fourth quarter valued at approximately $2,438,000.

Avantis Global Credit ETF Company Profile

(Get Free Report)

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

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