Avantis U.S. Equity ETF (NYSEARCA:AVUS) Sees Significant Increase in Short Interest

Avantis U.S. Equity ETF (NYSEARCA:AVUS) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 406,544 shares, an increase of 163.0% from the September 30th total of 154,607 shares. Based on an average trading volume of 389,990 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.4% of the company’s shares are short sold.

Avantis U.S. Equity ETF Price Performance

Shares of AVUS stock opened at $128.13 on Friday. The firm has a market cap of $14.67 billion, a P/E ratio of 20.35 and a beta of 1.00. Avantis U.S. Equity ETF has a 1-year low of $105.72 and a 1-year high of $132.81. The firm’s 50-day simple moving average is $129.60 and its 200-day simple moving average is $123.49.

Hedge Funds Weigh In On Avantis U.S. Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Chicago Partners Investment Group LLC acquired a new position in shares of Avantis U.S. Equity ETF during the third quarter worth $31,031,000. Team Financial Group LLC purchased a new position in shares of Avantis U.S. Equity ETF in the third quarter valued at $220,000. Gerber Kawasaki Wealth & Investment Management acquired a new position in Avantis U.S. Equity ETF in the 3rd quarter worth $310,000. Torren Management LLC boosted its position in Avantis U.S. Equity ETF by 1.0% in the 3rd quarter. Torren Management LLC now owns 199,125 shares of the company’s stock valued at $25,506,000 after buying an additional 1,970 shares during the last quarter. Finally, Landaas & Co. WI ADV purchased a new position in Avantis U.S. Equity ETF in the 3rd quarter valued at about $274,000.

About Avantis U.S. Equity ETF

The Avantis U.S. Equity ETF (AVUS) is an exchange-traded fund that is based on the Russell 3000 index. The fund is an actively managed portfolio of US equities of all market capitalizations, with a bias toward smaller, more profitable or value companies. AVUS was launched on Sep 24, 2019 and is managed by American Century Investments.