Avantis U.S. Equity ETF (NYSEARCA:AVUS) Stock Short Interest Declines 45.8%

Avantis U.S. Equity ETF (NYSEARCA:AVUS) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 184,603 shares, a decrease of 45.8% from the August 31st total of 340,841 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 293,845 shares, the short-interest ratio is presently 0.6 days.

Avantis U.S. Equity ETF Price Performance

NYSEARCA AVUS traded up $0.64 during trading hours on Thursday, reaching $128.73. 294,653 shares of the stock traded hands, compared to its average volume of 317,718. The stock has a 50 day simple moving average of $129.66 and a two-hundred day simple moving average of $124.85. Avantis U.S. Equity ETF has a 1 year low of $105.72 and a 1 year high of $132.81. The company has a market cap of $14.47 billion, a price-to-earnings ratio of 20.35 and a beta of 0.99.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Align Financial LLC purchased a new stake in Avantis U.S. Equity ETF in the fourth quarter worth $4,024,752,000. HB Wealth Management LLC lifted its position in shares of Avantis U.S. Equity ETF by 4.9% in the 2nd quarter. HB Wealth Management LLC now owns 6,026,439 shares of the company’s stock worth $771,865,000 after purchasing an additional 281,733 shares during the period. Maseco LLP purchased a new stake in shares of Avantis U.S. Equity ETF in the 1st quarter worth about $259,864,000. Annex Advisory Services LLC boosted its stake in shares of Avantis U.S. Equity ETF by 5.0% during the 2nd quarter. Annex Advisory Services LLC now owns 2,025,359 shares of the company’s stock valued at $259,408,000 after purchasing an additional 96,288 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Avantis U.S. Equity ETF by 9.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,009,207 shares of the company’s stock valued at $257,339,000 after buying an additional 177,765 shares during the period.

About Avantis U.S. Equity ETF

The Avantis U.S. Equity ETF (AVUS) is an exchange-traded fund that is based on the Russell 3000 index. The fund is an actively managed portfolio of US equities of all market capitalizations, with a bias toward smaller, more profitable or value companies. AVUS was launched on Sep 24, 2019 and is managed by American Century Investments.