Avantis Responsible U.S. Equity ETF (NYSEARCA:AVSU) Sees Large Growth in Short Interest

Avantis Responsible U.S. Equity ETF (NYSEARCA:AVSU) saw a significant increase in short interest during the month of 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 volume of 9,246 shares, the days-to-cover ratio is currently 2.6 days. Approximately 0.4% of the company’s shares are short sold.

Avantis Responsible U.S. Equity ETF Price Performance

NYSEARCA AVSU traded up $0.48 on Friday, reaching $88.44. The company had a trading volume of 7,084 shares, compared to its average volume of 15,474. The firm has a market cap of $477.58 million, a price-to-earnings ratio of 20.35 and a beta of 1.04. Avantis Responsible U.S. Equity ETF has a fifty-two week low of $68.30 and a fifty-two week high of $88.76. The business has a 50 day moving average of $86.30 and a two-hundred day moving average of $80.76.

Institutional Investors Weigh In On Avantis Responsible U.S. Equity ETF

Several institutional investors and hedge funds have recently made changes to their positions in AVSU. Maseco LLP bought a new position in shares of Avantis Responsible U.S. Equity ETF during the first quarter worth about $95,592,000. Mercer Global Advisors Inc. ADV boosted its holdings in Avantis Responsible U.S. Equity ETF by 803.1% in the third quarter. Mercer Global Advisors Inc. ADV now owns 126,052 shares of the company’s stock valued at $9,273,000 after acquiring an additional 112,095 shares during the last quarter. Trailhead Planners LLC acquired a new stake in Avantis Responsible U.S. Equity ETF during the 4th quarter valued at approximately $8,221,000. Greenspring Advisors LLC acquired a new stake in Avantis Responsible U.S. Equity ETF during the 4th quarter valued at approximately $3,219,000. Finally, Highland Financial Advisors LLC raised its holdings in Avantis Responsible U.S. Equity ETF by 15.9% during the 2nd quarter. Highland Financial Advisors LLC now owns 175,042 shares of the company’s stock worth $15,495,000 after purchasing an additional 24,004 shares during the last quarter.

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.