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

Avantis Global Credit ETF (NASDAQ:AVGBGet Free Report) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 7,898 shares, a growth of 47.8% from the July 30th total of 5,342 shares. Based on an average daily volume of 1,731 shares, the short-interest ratio is currently 4.6 days. Approximately 2.0% of the shares of the stock are short sold.

Institutional Trading of Avantis Global Credit ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Plancorp LLC lifted its position in Avantis Global Credit ETF by 10.7% during the 4th quarter. Plancorp LLC now owns 5,155 shares of the company’s stock valued at $262,000 after purchasing an additional 500 shares during the period. Jane Street Group LLC raised its stake in shares of Avantis Global Credit ETF by 39.7% during the fourth quarter. Jane Street Group LLC now owns 6,590 shares of the company’s stock worth $335,000 after buying an additional 1,872 shares during the last quarter. Finally, Beacon Pointe Advisors LLC acquired a new position in Avantis Global Credit ETF in the fourth quarter valued at approximately $2,438,000.

Avantis Global Credit ETF Stock Performance

Shares of Avantis Global Credit ETF stock traded down $0.01 during midday trading on Tuesday, reaching $50.87. The company had a trading volume of 7,643 shares, compared to its average volume of 2,167. The stock has a fifty day simple moving average of $51.02 and a 200 day simple moving average of $51.02. Avantis Global Credit ETF has a 1-year low of $50.35 and a 1-year high of $52.07.

Avantis Global Credit ETF Dividend Announcement

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

About Avantis Global Credit ETF

(Get Free Report)

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

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