Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) Sees Large Decline in Short Interest

Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 1,879 shares, a decrease of 48.1% from the August 31st total of 3,622 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 2,619 shares, the short-interest ratio is presently 0.7 days.

Avantis Inflation Focused Equity ETF Price Performance

NYSEARCA:AVIE traded down $0.29 during midday trading on Wednesday, reaching $77.51. The stock had a trading volume of 4,110 shares, compared to its average volume of 1,430. The stock has a market capitalization of $12.40 million, a P/E ratio of 17.76 and a beta of 0.48. Avantis Inflation Focused Equity ETF has a 1-year low of $62.42 and a 1-year high of $82.03. The firm’s fifty day simple moving average is $79.37 and its 200-day simple moving average is $75.71.

Avantis Inflation Focused Equity ETF Company Profile

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.