Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) Sees Significant Drop in Short Interest

Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 466 shares, a drop of 19.5% from the December 31st total of 579 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 607 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 607 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.5% of the company’s shares are short sold.

Avantis Inflation Focused Equity ETF Trading Up 0.9%

Shares of AVIE traded up $0.66 on Wednesday, reaching $71.40. 1,626 shares of the company’s stock were exchanged, compared to its average volume of 796. The stock has a market capitalization of $7.14 million, a P/E ratio of 17.76 and a beta of 0.64. The business has a 50 day moving average price of $66.96 and a two-hundred day moving average price of $64.05. Avantis Inflation Focused Equity ETF has a 12 month low of $56.29 and a 12 month high of $71.24.

Institutional Investors Weigh In On Avantis Inflation Focused Equity ETF

A hedge fund recently raised its stake in Avantis Inflation Focused Equity ETF stock. Geneos Wealth Management Inc. boosted its position in Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) by 10.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,717 shares of the company’s stock after purchasing an additional 337 shares during the period. Geneos Wealth Management Inc. owned about 3.72% of Avantis Inflation Focused Equity ETF worth $245,000 as of its most recent SEC filing.

About Avantis Inflation Focused Equity ETF

The Avantis Inflation Focused Equity ETF (AVIE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed equity fund of US companies involved in sectors or industries that tend to outperform during periods of inflation. AVIE was launched on Sep 27, 2022 and is managed by American Century Investments.