Avantis Global Credit ETF (NASDAQ:AVGB) Sees Significant Growth in Short Interest

Avantis Global Credit ETF (NASDAQ:AVGB) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 7,898 shares, a growth of 47.8% from the July 30th total of 5,342 shares. Based on an average trading volume of 1,731 shares, the short-interest ratio is presently 4.6 days. Approximately 2.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Avantis Global Credit ETF

Large investors have recently added to or reduced their stakes in the company. Beacon Pointe Advisors LLC acquired a new stake in shares of Avantis Global Credit ETF during the 4th quarter worth approximately $2,438,000. Jane Street Group LLC grew its holdings in shares of Avantis Global Credit ETF by 39.7% in the 4th quarter. Jane Street Group LLC now owns 6,590 shares of the company’s stock worth $335,000 after purchasing an additional 1,872 shares during the last quarter. Finally, Plancorp LLC boosted its position in Avantis Global Credit ETF by 10.7% in the fourth quarter. Plancorp LLC now owns 5,155 shares of the company’s stock valued at $262,000 after buying an additional 500 shares in the last quarter.

Avantis Global Credit ETF Price Performance

Shares of Avantis Global Credit ETF stock traded down $0.01 on Tuesday, reaching $50.87. The stock had a trading volume of 7,643 shares, compared to its average volume of 2,167. Avantis Global Credit ETF has a fifty-two week low of $50.35 and a fifty-two week high of $52.07. The business’s 50-day moving average price is $51.02 and its two-hundred day moving average price is $51.02.

Avantis Global Credit ETF Announces Dividend

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

About Avantis Global Credit ETF

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