Avantis All Equity Markets ETF (NYSEARCA:AVGE – Get Free Report) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 179,298 shares, an increase of 108.3% from the August 15th total of 86,090 shares. Based on an average trading volume of 76,690 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.6% of the company’s stock are sold short.
Avantis All Equity Markets ETF Price Performance
Shares of NYSEARCA AVGE traded down $0.52 during midday trading on Monday, hitting $100.12. 48,808 shares of the company’s stock were exchanged, compared to its average volume of 63,183. Avantis All Equity Markets ETF has a twelve month low of $81.20 and a twelve month high of $102.81. The firm’s fifty day simple moving average is $100.28 and its 200-day simple moving average is $96.45.
Institutional Trading of Avantis All Equity Markets ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Canvas Wealth Advisors LLC raised its stake in shares of Avantis All Equity Markets ETF by 2.1% during the 2nd quarter. Canvas Wealth Advisors LLC now owns 4,824 shares of the company’s stock worth $478,000 after buying an additional 101 shares in the last quarter. Orion Capital Management LLC lifted its position in Avantis All Equity Markets ETF by 8.7% during the second quarter. Orion Capital Management LLC now owns 1,293 shares of the company’s stock worth $128,000 after buying an additional 103 shares during the period. Red Lighthouse Investment Management LLC boosted its stake in Avantis All Equity Markets ETF by 3.1% in the 2nd quarter. Red Lighthouse Investment Management LLC now owns 4,075 shares of the company’s stock worth $404,000 after buying an additional 122 shares during the last quarter. HUB Investment Partners LLC increased its stake in shares of Avantis All Equity Markets ETF by 1.2% during the 2nd quarter. HUB Investment Partners LLC now owns 10,459 shares of the company’s stock valued at $810,000 after acquiring an additional 126 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Avantis All Equity Markets ETF by 4.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,805 shares of the company’s stock worth $241,000 after acquiring an additional 128 shares during the period.
About Avantis All Equity Markets ETF
The Avantis All Equity Markets ETF (AVGE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that seeks long-term capital appreciation through investments in equity portfolios holding a wide variety of securities with higher expected returns. AVGE was launched on Sep 27, 2022 and is managed by American Century Investments.
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