Short Interest in Avantis Responsible U.S. Equity ETF (NYSEARCA:AVSU) Rises By 473.9%

Avantis Responsible U.S. Equity ETF (NYSEARCA:AVSU) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 23,725 shares, an increase of 473.9% from the June 15th total of 4,134 shares. Based on an average daily trading volume, of 9,246 shares, the short-interest ratio is currently 2.6 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Trading of Avantis Responsible U.S. Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Asset Dedication LLC boosted its holdings in shares of Avantis Responsible U.S. Equity ETF by 31.6% in the fourth quarter. Asset Dedication LLC now owns 541 shares of the company’s stock valued at $41,000 after acquiring an additional 130 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of Avantis Responsible U.S. Equity ETF by 44.3% during the 2nd quarter. Osaic Holdings Inc. now owns 1,387 shares of the company’s stock worth $95,000 after purchasing an additional 426 shares during the period. Elevation Wealth Partners LLC increased its holdings in Avantis Responsible U.S. Equity ETF by 19.1% in the second quarter. Elevation Wealth Partners LLC now owns 1,204 shares of the company’s stock valued at $107,000 after buying an additional 193 shares in the last quarter. WealthCollab LLC boosted its position in Avantis Responsible U.S. Equity ETF by 92.7% during the first quarter. WealthCollab LLC now owns 1,655 shares of the company’s stock worth $122,000 after purchasing an additional 796 shares in the last quarter. Finally, True Wealth Design LLC grew its stake in Avantis Responsible U.S. Equity ETF by 7.3% in the 4th quarter. True Wealth Design LLC now owns 2,209 shares of the company’s stock valued at $169,000 after acquiring an additional 150 shares during the last quarter.

Avantis Responsible U.S. Equity ETF Stock Performance

Shares of AVSU stock traded down $0.81 during mid-day trading on Monday, hitting $87.63. 6,861 shares of the stock were exchanged, compared to its average volume of 15,402. The stock has a market capitalization of $473.20 million, a price-to-earnings ratio of 20.35 and a beta of 1.04. Avantis Responsible U.S. Equity ETF has a 12-month low of $68.30 and a 12-month high of $88.76. The stock’s fifty day simple moving average is $86.30 and its two-hundred day simple moving average is $80.76.

About Avantis Responsible U.S. Equity ETF

The Avantis Responsible U.S. Equity ETF (AVSU) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in US companies of all market capitalizations. Holdings are screened for multiple ESG metrics and selected based on fundamental criteria AVSU was launched on Mar 15, 2022 and is managed by American Century Investments.