Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Sees Large Decline in Short Interest

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 100,648 shares, a decline of 42.7% from the August 31st total of 175,624 shares. Based on an average daily volume of 105,490 shares, the short-interest ratio is presently 1.0 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On Avantis U.S. Small Cap Equity ETF

Several large investors have recently bought and sold shares of AVSC. Retirement Financial Solutions LLC boosted its holdings in shares of Avantis U.S. Small Cap Equity ETF by 31.7% in the fourth quarter. Retirement Financial Solutions LLC now owns 369,883 shares of the company’s stock valued at $21,727,000 after buying an additional 88,959 shares during the period. Foundry Financial Group Inc. acquired a new stake in shares of Avantis U.S. Small Cap Equity ETF during the first quarter worth $6,325,000. Commonwealth Equity Services LLC raised its holdings in shares of Avantis U.S. Small Cap Equity ETF by 71.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 92,826 shares of the company’s stock worth $5,453,000 after acquiring an additional 38,700 shares during the period. Cambridge Associates LLC MA ADV lifted its position in Avantis U.S. Small Cap Equity ETF by 10.2% in the 4th quarter. Cambridge Associates LLC MA ADV now owns 922,735 shares of the company’s stock valued at $54,201,000 after acquiring an additional 85,118 shares in the last quarter. Finally, Evanson Financial LLC bought a new stake in Avantis U.S. Small Cap Equity ETF in the 2nd quarter valued at $1,600,000.

Avantis U.S. Small Cap Equity ETF Stock Performance

AVSC traded up $0.96 during midday trading on Friday, reaching $70.66. 9,263 shares of the company were exchanged, compared to its average volume of 128,035. Avantis U.S. Small Cap Equity ETF has a one year low of $54.31 and a one year high of $75.30. The stock has a market capitalization of $3.07 billion, a P/E ratio of 14.03 and a beta of 1.03. The stock’s 50-day simple moving average is $72.46 and its 200 day simple moving average is $69.65.

Avantis U.S. Small Cap Equity ETF Company Profile

The Avantis U.S. Small Cap Equity ETF (AVSC) is an exchange-traded fund that is based on the Russell 2000 index. The fund is an actively-managed portfolio of US small-cap value companies selected based on fundamental criteria. AVSC was launched on Jan 11, 2022 and is managed by American Century Investments.