Short Interest in Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) Declines By 50.0%

Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 393 shares, a decrease of 50.0% from the July 30th total of 786 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,312 shares, the days-to-cover ratio is currently 0.3 days.

Avantis Inflation Focused Equity ETF Stock Performance

Shares of NYSEARCA AVIE traded down $0.17 during trading on Friday, hitting $80.48. The company had a trading volume of 855 shares, compared to its average volume of 1,321. The company has a market cap of $12.88 million, a P/E ratio of 17.76 and a beta of 0.48. The business’s 50-day moving average is $77.35 and its 200 day moving average is $74.66. Avantis Inflation Focused Equity ETF has a 52 week low of $62.00 and a 52 week high of $81.53.

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.