Avantis U.S. Quality ETF (NASDAQ:AVUQ) Sees Large Growth in Short Interest

Avantis U.S. Quality ETF (NASDAQ:AVUQ) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 32,902 shares, an increase of 58.9% from the August 15th total of 20,704 shares. Based on an average daily volume of 50,599 shares, the short-interest ratio is presently 0.7 days. Currently, 0.7% of the shares of the company are short sold.

Institutional Trading of Avantis U.S. Quality ETF

Several large investors have recently modified their holdings of AVUQ. Sankala Group LLC bought a new stake in Avantis U.S. Quality ETF during the fourth quarter worth about $48,000. Orion Capital Management LLC boosted its position in shares of Avantis U.S. Quality ETF by 24,600.0% during the 2nd quarter. Orion Capital Management LLC now owns 4,940 shares of the company’s stock worth $326,000 after acquiring an additional 4,920 shares in the last quarter. Legacy Financial Group Inc. increased its stake in Avantis U.S. Quality ETF by 9.8% in the fourth quarter. Legacy Financial Group Inc. now owns 11,972 shares of the company’s stock valued at $720,000 after acquiring an additional 1,070 shares during the last quarter. NewEdge Advisors LLC bought a new position in Avantis U.S. Quality ETF in the first quarter valued at approximately $6,927,000. Finally, Torren Management LLC raised its position in Avantis U.S. Quality ETF by 0.3% during the first quarter. Torren Management LLC now owns 194,083 shares of the company’s stock valued at $11,012,000 after purchasing an additional 615 shares in the last quarter.

Avantis U.S. Quality ETF Trading Down 0.1%

Shares of AVUQ stock opened at $65.74 on Thursday. The stock has a market cap of $394.37 million, a P/E ratio of 29.10 and a beta of 1.16. The stock has a 50 day simple moving average of $66.52 and a 200 day simple moving average of $64.06. Avantis U.S. Quality ETF has a 1 year low of $54.65 and a 1 year high of $68.38.

Avantis U.S. Quality ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Tuesday, September 8th were issued a $0.0428 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.17 annualized dividend and a yield of 0.3%.

About Avantis U.S. Quality ETF

​The Avantis U.S. Quality ETF (AVUQ) seeks long-term capital appreciation by investing primarily in a diverse group of U.S. companies across various market capitalizations, sectors, and industry groups. The fund emphasizes growth companies, aiming to provide investors with exposure to firms that exhibit strong growth potential.