Avantis U.S. Quality ETF (NASDAQ:AVUQ) Sees Large Drop in Short Interest

Avantis U.S. Quality ETF (NASDAQ:AVUQ) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 20,704 shares, a decrease of 46.9% from the July 30th total of 38,993 shares. Based on an average trading volume of 21,286 shares, the short-interest ratio is currently 1.0 days. Currently, 0.5% of the company’s stock are sold short.

Avantis U.S. Quality ETF Stock Down 0.3%

Avantis U.S. Quality ETF stock opened at $66.80 on Tuesday. The business has a 50-day simple moving average of $66.17 and a two-hundred day simple moving average of $63.49. Avantis U.S. Quality ETF has a 52-week low of $54.65 and a 52-week high of $68.38. The company has a market cap of $293.92 million, a P/E ratio of 29.10 and a beta of 1.16.

Avantis U.S. Quality ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Tuesday, June 9th were issued a dividend of $0.0652 per share. This represents a $0.26 annualized dividend and a yield of 0.4%. The ex-dividend date was Tuesday, June 9th. This is a boost from Avantis U.S. Quality ETF’s previous quarterly dividend of $0.04.

Institutional Investors Weigh In On Avantis U.S. Quality ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new stake in Avantis U.S. Quality ETF during the third quarter valued at approximately $298,000. Plancorp LLC boosted its position in Avantis U.S. Quality ETF by 11.1% during the fourth quarter. Plancorp LLC now owns 3,995 shares of the company’s stock worth $240,000 after purchasing an additional 400 shares in the last quarter. Legacy Financial Group Inc. increased its position in shares of Avantis U.S. Quality ETF by 9.8% during the fourth quarter. Legacy Financial Group Inc. now owns 11,972 shares of the company’s stock worth $720,000 after purchasing an additional 1,070 shares in the last quarter. Haven Private LLC purchased a new stake in shares of Avantis U.S. Quality ETF in the fourth quarter valued at approximately $695,000. Finally, Sankala Group LLC acquired a new position in Avantis U.S. Quality ETF in the 4th quarter valued at about $48,000.

Avantis U.S. Quality ETF Company Profile

?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.