Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Sees Large Decline in Short Interest

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 106,845 shares, a decline of 49.3% from the May 31st total of 210,701 shares. Based on an average daily volume of 125,291 shares, the short-interest ratio is presently 0.9 days. Approximately 0.3% of the company’s stock are short sold.

Avantis U.S. Small Cap Equity ETF Trading Down 0.2%

Avantis U.S. Small Cap Equity ETF stock traded down $0.14 during mid-day trading on Wednesday, hitting $73.20. 192,895 shares of the company’s stock were exchanged, compared to its average volume of 134,802. Avantis U.S. Small Cap Equity ETF has a 1-year low of $50.78 and a 1-year high of $73.99. The stock has a 50 day moving average of $69.15 and a two-hundred day moving average of $64.98. The stock has a market cap of $2.88 billion, a P/E ratio of 14.03 and a beta of 1.04.

Institutional Investors Weigh In On Avantis U.S. Small Cap Equity ETF

Large investors have recently added to or reduced their stakes in the stock. Western Wealth Management LLC bought a new position in shares of Avantis U.S. Small Cap Equity ETF in the first quarter valued at approximately $310,000. FAS Wealth Partners Inc. grew its stake in Avantis U.S. Small Cap Equity ETF by 2.0% in the 1st quarter. FAS Wealth Partners Inc. now owns 277,447 shares of the company’s stock valued at $17,285,000 after buying an additional 5,394 shares during the last quarter. Summit Financial Wealth Advisors LLC raised its holdings in Avantis U.S. Small Cap Equity ETF by 5.8% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 3,867 shares of the company’s stock worth $241,000 after acquiring an additional 212 shares during the period. Arkadios Wealth Advisors lifted its position in Avantis U.S. Small Cap Equity ETF by 244.6% during the 1st quarter. Arkadios Wealth Advisors now owns 15,206 shares of the company’s stock worth $947,000 after acquiring an additional 10,793 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Avantis U.S. Small Cap Equity ETF by 100.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 672 shares of the company’s stock worth $42,000 after acquiring an additional 336 shares during the last quarter.

Avantis U.S. Small Cap Equity ETF Company Profile

The Avantis U.S. Small Cap Equity ETF (AVSC) is an exchange-traded fund that is based on the Russell 2000 index. The fund is an actively-managed portfolio of US small-cap value companies selected based on fundamental criteria. AVSC was launched on Jan 11, 2022 and is managed by American Century Investments.