Avantis Core Fixed Income ETF (NYSEARCA:AVIG) Sees Large Growth in Short Interest

Avantis Core Fixed Income ETF (NYSEARCA:AVIG) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 265,843 shares, an increase of 463.6% from the February 26th total of 47,169 shares. Based on an average trading volume of 249,405 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.7% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Align Financial LLC acquired a new position in shares of Avantis Core Fixed Income ETF during the fourth quarter valued at approximately $543,761,000. Golden State Wealth Management LLC boosted its stake in Avantis Core Fixed Income ETF by 7.9% during the 4th quarter. Golden State Wealth Management LLC now owns 17,930 shares of the company’s stock valued at $752,000 after purchasing an additional 1,311 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Avantis Core Fixed Income ETF by 108.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 934,908 shares of the company’s stock valued at $39,194,000 after purchasing an additional 486,278 shares during the period. JDM Financial Group LLC bought a new stake in shares of Avantis Core Fixed Income ETF in the 4th quarter worth $416,000. Finally, Ares Financial Consulting LLC acquired a new stake in shares of Avantis Core Fixed Income ETF in the fourth quarter valued at $582,000.

Avantis Core Fixed Income ETF Price Performance

Shares of AVIG traded down $0.25 during trading hours on Thursday, reaching $41.24. 414,477 shares of the company’s stock traded hands, compared to its average volume of 223,154. Avantis Core Fixed Income ETF has a twelve month low of $40.02 and a twelve month high of $42.54. The business’s fifty day simple moving average is $42.00 and its two-hundred day simple moving average is $42.05.

Avantis Core Fixed Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, February 9th. Shareholders of record on Thursday, February 5th were paid a dividend of $0.16 per share. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Thursday, February 5th. This is a positive change from Avantis Core Fixed Income ETF’s previous monthly dividend of $0.13.

About Avantis Core Fixed Income ETF

The Avantis Core Fixed Income ETF (AVIG) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund offers an active exposure to a broad range of investment-grade debt securities from issuers around the globe. AVIG was launched on Oct 15, 2020 and is managed by American Century Investments.