Avantis Global Credit ETF (NASDAQ:AVGB) Sees Large Decrease in Short Interest

Avantis Global Credit ETF (NASDAQ:AVGB) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 5,342 shares, a drop of 41.4% from the July 15th total of 9,119 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 1,936 shares, the short-interest ratio is currently 2.8 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Plancorp LLC boosted its position in Avantis Global Credit ETF by 10.7% during the fourth quarter. Plancorp LLC now owns 5,155 shares of the company’s stock valued at $262,000 after purchasing an additional 500 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Avantis Global Credit ETF by 39.7% during the fourth quarter. Jane Street Group LLC now owns 6,590 shares of the company’s stock valued at $335,000 after buying an additional 1,872 shares during the last quarter. Finally, Beacon Pointe Advisors LLC bought a new stake in shares of Avantis Global Credit ETF in the 4th quarter valued at about $2,438,000.

Avantis Global Credit ETF Price Performance

NASDAQ AVGB opened at $51.03 on Monday. Avantis Global Credit ETF has a one year low of $50.35 and a one year high of $52.07. The company’s 50-day simple moving average is $51.03 and its two-hundred day simple moving average is $51.02.

Avantis Global Credit ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Tuesday, June 9th were paid a $0.2707 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.08 dividend on an annualized basis and a yield of 2.1%.

Avantis Global Credit ETF Company Profile

Avantis Credit ETF is an actively managed exchange-traded fund that aims to maximize total return. The fund invests primarily in investment-grade quality debt obligations from a diverse group of U.S. and non-U.S. issuers