Avantis Global Credit ETF (NASDAQ:AVGB) Sees Significant Growth in Short Interest

Avantis Global Credit ETF (NASDAQ:AVGBGet Free Report) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 7,898 shares, an increase of 47.8% from the July 30th total of 5,342 shares. Approximately 2.0% of the shares of the stock are sold short. Based on an average trading volume of 1,731 shares, the short-interest ratio is presently 4.6 days.

Avantis Global Credit ETF Price Performance

AVGB opened at $50.86 on Thursday. The firm has a 50-day simple moving average of $51.01 and a two-hundred day simple moving average of $51.01. Avantis Global Credit ETF has a 52 week low of $50.35 and a 52 week high of $52.07.

Avantis Global Credit ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Tuesday, June 9th were given a $0.2707 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, June 9th.

Hedge Funds Weigh In On Avantis Global Credit ETF

Several institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new position in Avantis Global Credit ETF during the second quarter valued at $861,000. Jane Street Group LLC increased its holdings in shares of Avantis Global Credit ETF by 39.7% in the 4th quarter. Jane Street Group LLC now owns 6,590 shares of the company’s stock worth $335,000 after buying an additional 1,872 shares during the last quarter. Beacon Pointe Advisors LLC purchased a new stake in shares of Avantis Global Credit ETF during the 4th quarter valued at about $2,438,000. Finally, Plancorp LLC raised its position in shares of Avantis Global Credit ETF by 10.7% during the 4th quarter. Plancorp LLC now owns 5,155 shares of the company’s stock valued at $262,000 after buying an additional 500 shares in the last quarter.

About Avantis Global Credit ETF

(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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