Avantis U.S. Quality ETF (NASDAQ:AVUQ) Short Interest Up 405.3% in April

Avantis U.S. Quality ETF (NASDAQ:AVUQ) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 52,394 shares, a growth of 405.3% from the April 15th total of 10,368 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average trading volume of 12,508 shares, the short-interest ratio is presently 4.2 days.

Hedge Funds Weigh In On Avantis U.S. Quality ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in AVUQ. Haven Private LLC bought a new position in shares of Avantis U.S. Quality ETF during the fourth quarter valued at $695,000. Citadel Advisors LLC bought a new stake in shares of Avantis U.S. Quality ETF in the third quarter worth $298,000. Torren Management LLC grew its stake in shares of Avantis U.S. Quality ETF by 0.3% in the first quarter. Torren Management LLC now owns 194,083 shares of the company’s stock worth $11,012,000 after purchasing an additional 615 shares during the last quarter. Legacy Financial Group Inc. increased its holdings in Avantis U.S. Quality ETF by 14.5% in the first quarter. Legacy Financial Group Inc. now owns 13,710 shares of the company’s stock valued at $778,000 after purchasing an additional 1,738 shares during the period. Finally, Sankala Group LLC acquired a new stake in Avantis U.S. Quality ETF in the fourth quarter valued at $48,000.

Avantis U.S. Quality ETF Stock Down 0.2%

Shares of AVUQ opened at $65.37 on Wednesday. The stock has a market cap of $228.80 million, a PE ratio of 29.10 and a beta of 1.16. Avantis U.S. Quality ETF has a 12-month low of $49.78 and a 12-month high of $65.76. The business has a 50-day simple moving average of $60.34 and a two-hundred day simple moving average of $60.31.

Avantis U.S. Quality ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Tuesday, March 10th were issued a $0.0408 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Tuesday, March 10th.

About Avantis U.S. Quality ETF

?The Avantis U.S. Quality ETF (AVUQ) seeks long-term capital appreciation by investing primarily in a diverse group of U.S. companies across various market capitalizations, sectors, and industry groups. The fund emphasizes growth companies, aiming to provide investors with exposure to firms that exhibit strong growth potential.