Avantis All Equity Markets ETF (NYSEARCA:AVGE) Sees Large Drop in Short Interest

Avantis All Equity Markets ETF (NYSEARCA:AVGE) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 88,298 shares, a decline of 50.8% from the August 31st total of 179,298 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average trading volume of 90,288 shares, the days-to-cover ratio is presently 1.0 days.

Avantis All Equity Markets ETF Stock Down 0.3%

Shares of AVGE traded down $0.26 during mid-day trading on Tuesday, hitting $98.83. 61,231 shares of the company’s stock were exchanged, compared to its average volume of 64,502. The stock’s 50-day moving average is $100.48 and its 200-day moving average is $97.06. Avantis All Equity Markets ETF has a fifty-two week low of $81.20 and a fifty-two week high of $102.81.

Institutional Investors Weigh In On Avantis All Equity Markets ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Continuum Advisory LLC acquired a new position in shares of Avantis All Equity Markets ETF in the second quarter worth $42,000. Elevation Wealth Partners LLC purchased a new stake in Avantis All Equity Markets ETF during the 2nd quarter worth about $87,000. Orion Capital Management LLC increased its holdings in Avantis All Equity Markets ETF by 8.7% during the 2nd quarter. Orion Capital Management LLC now owns 1,293 shares of the company’s stock worth $128,000 after purchasing an additional 103 shares during the period. Private Wealth Management Group LLC raised its position in Avantis All Equity Markets ETF by 31.7% in the 1st quarter. Private Wealth Management Group LLC now owns 1,606 shares of the company’s stock valued at $141,000 after purchasing an additional 387 shares in the last quarter. Finally, Allied Private Wealth LLC acquired a new position in shares of Avantis All Equity Markets ETF during the second quarter worth about $164,000.

About Avantis All Equity Markets ETF

The Avantis All Equity Markets ETF (AVGE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that seeks long-term capital appreciation through investments in equity portfolios holding a wide variety of securities with higher expected returns. AVGE was launched on Sep 27, 2022 and is managed by American Century Investments.