Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC) Short Interest Down 35.9% in August

Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 40,083 shares, a decrease of 35.9% from the August 15th total of 62,503 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 70,704 shares, the days-to-cover ratio is presently 0.6 days.

Avantis U.S. Large Cap Equity ETF Stock Performance

Avantis U.S. Large Cap Equity ETF stock traded down $0.14 during midday trading on Friday, reaching $90.31. The company’s stock had a trading volume of 4,112 shares, compared to its average volume of 66,729. Avantis U.S. Large Cap Equity ETF has a fifty-two week low of $74.45 and a fifty-two week high of $93.55. The firm has a market capitalization of $1.39 billion, a PE ratio of 22.04 and a beta of 1.01. The stock’s 50 day simple moving average is $90.74 and its 200 day simple moving average is $86.84.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AVLC. Montag A & Associates Inc. increased its position in shares of Avantis U.S. Large Cap Equity ETF by 16.7% in the first quarter. Montag A & Associates Inc. now owns 3,805 shares of the company’s stock valued at $295,000 after buying an additional 545 shares in the last quarter. Kingdom Financial Group LLC. purchased a new stake in shares of Avantis U.S. Large Cap Equity ETF in the 4th quarter worth about $84,000. Legacy Financial Group Inc. grew its stake in Avantis U.S. Large Cap Equity ETF by 15.0% in the 4th quarter. Legacy Financial Group Inc. now owns 10,646 shares of the company’s stock valued at $837,000 after acquiring an additional 1,385 shares during the last quarter. Acorn Wealth Advisors LLC acquired a new stake in Avantis U.S. Large Cap Equity ETF in the 2nd quarter valued at about $204,000. Finally, Diversify Wealth Management LLC purchased a new position in Avantis U.S. Large Cap Equity ETF during the 1st quarter valued at about $236,000.

Avantis U.S. Large Cap Equity ETF Company Profile

The Avantis U.S. Large Cap Equity ETF (AVLC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in US large-cap stocks of companies perceived to have high-growth characteristics and attractive valuations. The fund aims for long-term capital appreciation AVLC was launched on Sep 26, 2023 and is issued by American Century Investments.