Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Sees Significant Drop in Short Interest

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 100,648 shares, a decrease of 42.7% from the August 31st total of 175,624 shares. Based on an average trading volume of 105,490 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.2% of the company’s stock are sold short.

Avantis U.S. Small Cap Equity ETF Trading Up 0.9%

Shares of Avantis U.S. Small Cap Equity ETF stock traded up $0.59 during trading hours on Thursday, reaching $69.73. 158,169 shares of the company’s stock were exchanged, compared to its average volume of 128,417. The stock has a market cap of $3.03 billion, a P/E ratio of 14.03 and a beta of 1.02. The company has a 50 day moving average of $72.51 and a two-hundred day moving average of $69.59. Avantis U.S. Small Cap Equity ETF has a fifty-two week low of $54.31 and a fifty-two week high of $75.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cambridge Associates LLC MA ADV boosted its holdings in shares of Avantis U.S. Small Cap Equity ETF by 10.2% during the fourth quarter. Cambridge Associates LLC MA ADV now owns 922,735 shares of the company’s stock worth $54,201,000 after acquiring an additional 85,118 shares during the period. Retirement Financial Solutions LLC boosted its position in shares of Avantis U.S. Small Cap Equity ETF by 1.9% in the first quarter. Retirement Financial Solutions LLC now owns 376,850 shares of the company’s stock valued at $23,478,000 after acquiring an additional 6,967 shares during the period. FAS Wealth Partners Inc. boosted its position in shares of Avantis U.S. Small Cap Equity ETF by 2.0% in the first quarter. FAS Wealth Partners Inc. now owns 277,447 shares of the company’s stock valued at $17,285,000 after acquiring an additional 5,394 shares during the period. Cornerstone Wealth Partners LLC acquired a new position in shares of Avantis U.S. Small Cap Equity ETF in the fourth quarter valued at about $16,571,000. Finally, Corient Private Wealth LLC increased its position in Avantis U.S. Small Cap Equity ETF by 5.4% during the fourth quarter. Corient Private Wealth LLC now owns 214,423 shares of the company’s stock worth $12,595,000 after acquiring an additional 11,026 shares during the period.

About Avantis U.S. Small Cap Equity ETF

The Avantis U.S. Small Cap Equity ETF (AVSC) is an exchange-traded fund that is based on the Russell 2000 index. The fund is an actively-managed portfolio of US small-cap value companies selected based on fundamental criteria. AVSC was launched on Jan 11, 2022 and is managed by American Century Investments.