Short Interest in Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC) Decreases By 45.1%

Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 49,667 shares, a decline of 45.1% from the July 15th total of 90,412 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 68,584 shares, the short-interest ratio is currently 0.7 days.

Avantis U.S. Large Cap Equity ETF Trading Down 0.3%

Shares of AVLC traded down $0.27 during midday trading on Monday, reaching $92.67. 75,084 shares of the stock were exchanged, compared to its average volume of 65,396. The company has a market capitalization of $1.43 billion, a P/E ratio of 22.04 and a beta of 1.01. Avantis U.S. Large Cap Equity ETF has a 52 week low of $72.84 and a 52 week high of $93.55. The company’s 50 day moving average is $89.66 and its two-hundred day moving average is $85.16.

Institutional Investors Weigh In On Avantis U.S. Large Cap Equity ETF

Hedge funds have recently made changes to their positions in the stock. Rossby Financial LCC grew its stake in Avantis U.S. Large Cap Equity ETF by 47.6% in the fourth quarter. Rossby Financial LCC now owns 394 shares of the company’s stock valued at $31,000 after purchasing an additional 127 shares during the last quarter. Arax Advisory Partners purchased a new stake in shares of Avantis U.S. Large Cap Equity ETF during the fourth quarter valued at about $58,000. Kingdom Financial Group LLC. purchased a new stake in shares of Avantis U.S. Large Cap Equity ETF during the fourth quarter valued at about $84,000. Flow Traders U.S. LLC bought a new stake in shares of Avantis U.S. Large Cap Equity ETF in the 3rd quarter valued at about $201,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Avantis U.S. Large Cap Equity ETF in the 3rd quarter valued at about $202,000.

About Avantis U.S. Large Cap Equity ETF

The Avantis U.S. Large Cap Equity ETF (AVLC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in US large-cap stocks of companies perceived to have high-growth characteristics and attractive valuations. The fund aims for long-term capital appreciation AVLC was launched on Sep 26, 2023 and is issued by American Century Investments.