Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV) Sees Significant Decline in Short Interest

Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 602,038 shares, a decline of 38.4% from the April 30th total of 976,805 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 1,212,030 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Avantis U.S. Small Cap Value ETF

Several institutional investors have recently bought and sold shares of the company. Sound Income Strategies LLC increased its position in Avantis U.S. Small Cap Value ETF by 565.7% in the first quarter. Sound Income Strategies LLC now owns 233 shares of the company’s stock worth $26,000 after buying an additional 198 shares during the last quarter. Rogco LP purchased a new position in shares of Avantis U.S. Small Cap Value ETF during the 4th quarter valued at $31,000. Basepoint Wealth LLC purchased a new position in shares of Avantis U.S. Small Cap Value ETF during the 4th quarter valued at $31,000. Cornerstone Planning Group LLC grew its stake in shares of Avantis U.S. Small Cap Value ETF by 1,992.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 272 shares of the company’s stock worth $33,000 after acquiring an additional 259 shares during the period. Finally, Lodestone Wealth Management LLC bought a new position in shares of Avantis U.S. Small Cap Value ETF during the 4th quarter worth $43,000.

Avantis U.S. Small Cap Value ETF Stock Performance

AVUV traded up $1.08 during midday trading on Thursday, reaching $121.07. The company had a trading volume of 134,342 shares, compared to its average volume of 1,136,697. Avantis U.S. Small Cap Value ETF has a 12-month low of $87.90 and a 12-month high of $122.07. The business has a 50-day moving average price of $116.82 and a two-hundred day moving average price of $110.42. The stock has a market cap of $26.56 billion, a PE ratio of 11.26 and a beta of 1.01.

About Avantis U.S. Small Cap Value ETF

The Avantis U.S. Small Cap Value ETF (AVUV) is an exchange-traded fund that is based on the Russell 2000 Value index. The fund is an actively-managed portfolio of US small-cap value companies selected based on fundamental criteria. AVUV was launched on Sep 24, 2019 and is managed by American Century Investments.