Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) Short Interest Up 182.6% in April

Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 845 shares, an increase of 182.6% from the April 15th total of 299 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 1,234 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Avantis Inflation Focused Equity ETF stock. Geneos Wealth Management Inc. boosted its position in shares of Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,717 shares of the company’s stock after purchasing an additional 337 shares during the quarter. Geneos Wealth Management Inc. owned 3.72% of Avantis Inflation Focused Equity ETF worth $245,000 as of its most recent SEC filing.

Avantis Inflation Focused Equity ETF Stock Down 0.2%

NYSEARCA AVIE traded down $0.17 during trading on Friday, reaching $74.20. 519 shares of the stock traded hands, compared to its average volume of 1,261. The firm has a market cap of $7.42 million, a price-to-earnings ratio of 17.76 and a beta of 0.52. The stock’s 50-day moving average price is $72.66 and its 200 day moving average price is $69.40. Avantis Inflation Focused Equity ETF has a fifty-two week low of $59.21 and a fifty-two week high of $74.79.

Avantis Inflation Focused Equity ETF Company Profile

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.