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

Avantis Global Credit ETF (NASDAQ:AVGB) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 16,633 shares, a growth of 222.5% from the September 15th total of 5,158 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 81,459 shares, the short-interest ratio is currently 0.2 days.

Avantis Global Credit ETF Stock Up 0.0%

NASDAQ:AVGB opened at $49.90 on Wednesday. Avantis Global Credit ETF has a 1 year low of $49.51 and a 1 year high of $52.07. The stock has a 50-day simple moving average of $50.41 and a 200-day simple moving average of $50.79.

Avantis Global Credit ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Tuesday, September 8th were paid a dividend of $0.5015 per share. The ex-dividend date was Tuesday, September 8th. This is a positive change from Avantis Global Credit ETF’s previous quarterly dividend of $0.2707. This represents a $2.01 annualized dividend and a yield of 4.0%.

Hedge Funds Weigh In On Avantis Global Credit ETF

A hedge fund recently bought a new position in Avantis Global Credit ETF stock. Citadel Advisors LLC acquired a new position in shares of Avantis Global Credit ETF (NASDAQ:AVGB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,814 shares of the company’s stock, valued at approximately $861,000. Citadel Advisors LLC owned approximately 4.20% of Avantis Global Credit ETF at the end of the most recent quarter.

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