Avantis U.S. Equity ETF (NYSEARCA:AVUS – Get Free Report) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 340,841 shares, an increase of 56.3% from the August 15th total of 218,029 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 271,701 shares, the days-to-cover ratio is currently 1.3 days.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Tandemgrowth Financial Advisors LLC purchased a new position in shares of Avantis U.S. Equity ETF in the fourth quarter worth approximately $34,880,000. Focus Partners Advisor Solutions LLC boosted its stake in Avantis U.S. Equity ETF by 50.2% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 306,043 shares of the company’s stock worth $34,210,000 after purchasing an additional 102,264 shares during the period. Trailhead Planners LLC acquired a new stake in Avantis U.S. Equity ETF during the 4th quarter valued at $1,761,000. Mattson Financial Services LLC raised its stake in Avantis U.S. Equity ETF by 34.3% during the 4th quarter. Mattson Financial Services LLC now owns 46,968 shares of the company’s stock valued at $5,250,000 after purchasing an additional 11,986 shares during the period. Finally, Andrews Lucia Wealth Management LLC lifted its holdings in shares of Avantis U.S. Equity ETF by 35.3% in the second quarter. Andrews Lucia Wealth Management LLC now owns 41,887 shares of the company’s stock valued at $5,365,000 after purchasing an additional 10,930 shares in the last quarter.
Avantis U.S. Equity ETF Stock Performance
Shares of AVUS stock traded up $1.14 during mid-day trading on Thursday, hitting $128.72. 274,843 shares of the stock traded hands, compared to its average volume of 318,299. Avantis U.S. Equity ETF has a twelve month low of $105.72 and a twelve month high of $132.81. The company’s 50-day simple moving average is $129.42 and its 200-day simple moving average is $123.83. The firm has a market cap of $14.13 billion, a price-to-earnings ratio of 20.35 and a beta of 0.99.
About Avantis U.S. Equity ETF
The Avantis U.S. Equity ETF (AVUS) is an exchange-traded fund that is based on the Russell 3000 index. The fund is an actively managed portfolio of US equities of all market capitalizations, with a bias toward smaller, more profitable or value companies. AVUS was launched on Sep 24, 2019 and is managed by American Century Investments.
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