Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) Sees Large Decrease in Short Interest

Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 393 shares, a drop of 50.0% from the July 30th total of 786 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 1,312 shares, the days-to-cover ratio is presently 0.3 days.

Avantis Inflation Focused Equity ETF Stock Down 0.2%

AVIE traded down $0.17 during trading on Friday, hitting $80.48. 855 shares of the stock were exchanged, compared to its average volume of 1,321. Avantis Inflation Focused Equity ETF has a 1-year low of $62.00 and a 1-year high of $81.53. The stock has a fifty day moving average price of $77.35 and a two-hundred day moving average price of $74.66. The firm has a market capitalization of $12.88 million, a P/E ratio of 17.76 and a beta of 0.48.

About Avantis Inflation Focused Equity ETF

The Avantis Inflation Focused Equity ETF (AVIE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed equity fund of US companies involved in sectors or industries that tend to outperform during periods of inflation. AVIE was launched on Sep 27, 2022 and is managed by American Century Investments.