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

Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 610 shares, an increase of 91.2% from the February 26th total of 319 shares. Based on an average daily volume of 1,329 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.6% of the company’s stock are sold short.

Institutional Trading of Avantis Inflation Focused Equity ETF

A hedge fund recently raised its stake in Avantis Inflation Focused Equity ETF stock. Geneos Wealth Management Inc. grew its stake in Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) by 10.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,717 shares of the company’s stock after acquiring an additional 337 shares during the quarter. Geneos Wealth Management Inc. owned about 3.72% of Avantis Inflation Focused Equity ETF worth $245,000 at the end of the most recent quarter.

Avantis Inflation Focused Equity ETF Trading Down 0.0%

Shares of AVIE traded down $0.03 during mid-day trading on Friday, hitting $72.35. The company’s stock had a trading volume of 3,430 shares, compared to its average volume of 1,373. The company’s 50-day moving average is $71.88 and its 200-day moving average is $67.06. Avantis Inflation Focused Equity ETF has a 52-week low of $56.29 and a 52-week high of $74.79. The firm has a market capitalization of $7.24 million, a price-to-earnings ratio of 17.76 and a beta of 0.64.

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.