Avantis U.S. Equity ETF (NYSEARCA:AVUS) Sees Large Increase in Short Interest

Avantis U.S. Equity ETF (NYSEARCA:AVUS) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 406,544 shares, an increase of 163.0% from the September 30th total of 154,607 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 389,990 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AVUS. Envestnet Asset Management Inc. boosted its holdings in shares of Avantis U.S. Equity ETF by 9.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,009,207 shares of the company’s stock worth $257,339,000 after purchasing an additional 177,765 shares during the period. Sensenig Capital Advisors Inc lifted its stake in Avantis U.S. Equity ETF by 1.9% in the second quarter. Sensenig Capital Advisors Inc now owns 243,335 shares of the company’s stock worth $31,166,000 after purchasing an additional 4,497 shares during the last quarter. Andrews Lucia Wealth Management LLC lifted its stake in shares of Avantis U.S. Equity ETF by 35.3% during the 2nd quarter. Andrews Lucia Wealth Management LLC now owns 41,887 shares of the company’s stock worth $5,365,000 after acquiring an additional 10,930 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Avantis U.S. Equity ETF by 91.3% during the first quarter. Bank of America Corp DE now owns 875,159 shares of the company’s stock valued at $97,300,000 after purchasing an additional 417,664 shares during the period. Finally, Hutchens & Kramer Investment Management Group LLC increased its stake in Avantis U.S. Equity ETF by 16.2% in the 2nd quarter. Hutchens & Kramer Investment Management Group LLC now owns 348,287 shares of the company’s stock worth $44,609,000 after buying an additional 48,606 shares during the period.

Avantis U.S. Equity ETF Stock Performance

Shares of NYSEARCA AVUS traded up $0.09 during trading hours on Thursday, hitting $129.92. The stock had a trading volume of 269,246 shares, compared to its average volume of 321,099. The company has a market capitalization of $14.91 billion, a P/E ratio of 20.35 and a beta of 1.00. The firm’s 50-day moving average price is $129.63 and its two-hundred day moving average price is $123.42. Avantis U.S. Equity ETF has a 52 week low of $105.72 and a 52 week high of $132.81.

Avantis U.S. Equity ETF Company Profile

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.