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

Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 299 shares, a decline of 58.5% from the March 31st total of 720 shares. Based on an average daily volume of 624 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the stock are short sold.

Avantis Inflation Focused Equity ETF Stock Performance

AVIE stock traded down $0.19 during trading on Friday, hitting $72.66. The stock had a trading volume of 442 shares, compared to its average volume of 1,229. The company’s 50 day moving average price is $72.67 and its two-hundred day moving average price is $68.45. Avantis Inflation Focused Equity ETF has a 1-year low of $59.21 and a 1-year high of $74.79. The stock has a market cap of $7.27 million, a price-to-earnings ratio of 17.76 and a beta of 0.58.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Avantis Inflation Focused Equity ETF stock. Geneos Wealth Management Inc. boosted its position in Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) by 10.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,717 shares of the company’s stock after purchasing an additional 337 shares during the quarter. Geneos Wealth Management Inc. owned about 3.72% of Avantis Inflation Focused Equity ETF worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

About Avantis Inflation Focused Equity ETF

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.