Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV – Get Free Report) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 394,883 shares, a growth of 72.9% from the May 14th total of 228,371 shares. Based on an average daily volume of 1,235,452 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company’s shares are short sold.
Avantis U.S. Large Cap Value ETF Stock Performance
NYSEARCA:AVLV traded up $0.47 during midday trading on Monday, reaching $92.01. 903,592 shares of the stock traded hands, compared to its average volume of 747,167. The company has a fifty day moving average of $87.19 and a 200 day moving average of $82.16. Avantis U.S. Large Cap Value ETF has a 12 month low of $66.38 and a 12 month high of $92.35. The stock has a market capitalization of $12.26 billion, a P/E ratio of 15.70 and a beta of 0.94.
Institutional Investors Weigh In On Avantis U.S. Large Cap Value ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AVLV. Ameriprise Financial Inc. raised its holdings in Avantis U.S. Large Cap Value ETF by 11.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,054,363 shares of the company’s stock valued at $208,317,000 after buying an additional 304,507 shares during the last quarter. Fidelity D & D Bancorp Inc. raised its holdings in Avantis U.S. Large Cap Value ETF by 19.7% during the 2nd quarter. Fidelity D & D Bancorp Inc. now owns 161,993 shares of the company’s stock valued at $11,050,000 after buying an additional 26,691 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Avantis U.S. Large Cap Value ETF by 10.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 469,010 shares of the company’s stock valued at $33,891,000 after buying an additional 45,074 shares during the last quarter. Hurley Capital LLC raised its holdings in Avantis U.S. Large Cap Value ETF by 311.8% during the 3rd quarter. Hurley Capital LLC now owns 2,228 shares of the company’s stock valued at $161,000 after buying an additional 1,687 shares during the last quarter. Finally, Diversified Portfolios Inc. raised its holdings in Avantis U.S. Large Cap Value ETF by 8.0% during the 3rd quarter. Diversified Portfolios Inc. now owns 8,274 shares of the company’s stock valued at $598,000 after buying an additional 610 shares during the last quarter.
About Avantis U.S. Large Cap Value ETF
The Avantis U.S. Large Cap Value ETF (AVLV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed portfolio of US large-cap value companies selected based on fundamental criteria. AVLV was launched on Sep 21, 2021 and is managed by American Century Investments.
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