Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) Sees Significant Drop in Short Interest

Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 244 shares, a decrease of 86.7% from the May 31st total of 1,839 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 947 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Avantis Inflation Focused Equity ETF stock. Geneos Wealth Management Inc. lifted its holdings 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 filing with the Securities & Exchange Commission. The fund owned 3,717 shares of the company’s stock after buying an additional 337 shares during the period. Geneos Wealth Management Inc. owned 3.72% of Avantis Inflation Focused Equity ETF worth $245,000 at the end of the most recent reporting period.

Avantis Inflation Focused Equity ETF Price Performance

AVIE traded up $0.92 during trading hours on Friday, hitting $74.97. 1,136 shares of the stock were exchanged, compared to its average volume of 1,236. The stock has a market cap of $7.50 million, a price-to-earnings ratio of 17.76 and a beta of 0.50. The stock has a 50-day simple moving average of $73.76 and a 200-day simple moving average of $71.44. Avantis Inflation Focused Equity ETF has a 12 month low of $59.21 and a 12 month high of $75.20.

About Avantis Inflation Focused Equity ETF

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.