Short Interest in Avantis U.S. Quality ETF (NASDAQ:AVUQ) Decreases By 58.3%

Avantis U.S. Quality ETF (NASDAQ:AVUQ) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 1,500 shares, a decrease of 58.3% from the August 31st total of 3,600 shares. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is presently 0.4 days.

Avantis U.S. Quality ETF Trading Down 0.4%

Shares of AVUQ opened at $59.51 on Friday. Avantis U.S. Quality ETF has a fifty-two week low of $43.33 and a fifty-two week high of $59.98. The stock has a market capitalization of $160.68 million and a PE ratio of 29.10. The business has a 50-day simple moving average of $57.62.

Avantis U.S. Quality ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Tuesday, September 23rd were given a dividend of $0.0376 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, September 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AVUQ. Legacy Financial Group Inc. bought a new position in Avantis U.S. Quality ETF during the 2nd quarter valued at approximately $410,000. True Wealth Design LLC bought a new position in Avantis U.S. Quality ETF during the 2nd quarter valued at approximately $1,557,000. Finally, Cresset Asset Management LLC increased its position in Avantis U.S. Quality ETF by 516.4% during the 2nd quarter. Cresset Asset Management LLC now owns 1,164,803 shares of the company’s stock valued at $62,957,000 after buying an additional 975,843 shares in the last quarter.

About Avantis U.S. Quality ETF

?The Avantis U.S. Quality ETF (AVUQ) seeks long-term capital appreciation by investing primarily in a diverse group of U.S. companies across various market capitalizations, sectors, and industry groups. The fund emphasizes growth companies, aiming to provide investors with exposure to firms that exhibit strong growth potential.