Avantis Global Credit ETF (NASDAQ:AVGB) Sees Significant Decline in Short Interest

Avantis Global Credit ETF (NASDAQ:AVGB) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,170 shares, a decline of 58.4% from the May 14th total of 5,214 shares. Based on an average trading volume of 14,604 shares, the short-interest ratio is currently 0.1 days. Approximately 0.7% of the company’s shares are short sold.

Avantis Global Credit ETF Stock Performance

Shares of NASDAQ AVGB remained flat at $51.03 during midday trading on Friday. The stock had a trading volume of 875 shares, compared to its average volume of 2,435. Avantis Global Credit ETF has a 12 month low of $50.35 and a 12 month high of $52.07. The company’s 50 day simple moving average is $51.03 and its two-hundred day simple moving average is $51.06.

Avantis Global Credit ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, June 9th were paid a $0.2707 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, June 9th.

Institutional Investors Weigh In On Avantis Global Credit ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Plancorp LLC lifted its stake in shares of Avantis Global Credit ETF by 10.7% in the 4th quarter. Plancorp LLC now owns 5,155 shares of the company’s stock valued at $262,000 after acquiring an additional 500 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Avantis Global Credit ETF by 39.7% in the 4th quarter. Jane Street Group LLC now owns 6,590 shares of the company’s stock valued at $335,000 after acquiring an additional 1,872 shares during the last quarter. Werba Rubin Papier Wealth Management lifted its stake in shares of Avantis Global Credit ETF by 194.0% in the 4th quarter. Werba Rubin Papier Wealth Management now owns 15,711 shares of the company’s stock valued at $798,000 after acquiring an additional 10,367 shares during the last quarter. Finally, Beacon Pointe Advisors LLC bought a new stake in shares of Avantis Global Credit ETF in the 4th quarter valued at about $2,438,000.

Avantis Global Credit ETF Company Profile

Avantis Credit ETF is an actively managed exchange-traded fund that aims to maximize total return. The fund invests primarily in investment-grade quality debt obligations from a diverse group of U.S. and non-U.S. issuers