Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Short Interest Down 28.4% in January

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 77,443 shares, a drop of 28.4% from the January 15th total of 108,218 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 96,798 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 96,798 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On Avantis U.S. Small Cap Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of AVSC. Kestra Advisory Services LLC raised its holdings in shares of Avantis U.S. Small Cap Equity ETF by 47.9% during the 4th quarter. Kestra Advisory Services LLC now owns 29,016 shares of the company’s stock valued at $1,704,000 after buying an additional 9,399 shares in the last quarter. Stifel Financial Corp purchased a new position in shares of Avantis U.S. Small Cap Equity ETF during the fourth quarter worth approximately $242,000. Smartleaf Asset Management LLC lifted its holdings in shares of Avantis U.S. Small Cap Equity ETF by 99.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,925 shares of the company’s stock worth $114,000 after acquiring an additional 959 shares during the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of Avantis U.S. Small Cap Equity ETF in the 4th quarter valued at $259,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Avantis U.S. Small Cap Equity ETF by 4.0% during the 4th quarter. Wells Fargo & Company MN now owns 20,492 shares of the company’s stock valued at $1,204,000 after purchasing an additional 789 shares during the last quarter.

Avantis U.S. Small Cap Equity ETF Trading Up 1.2%

Shares of Avantis U.S. Small Cap Equity ETF stock traded up $0.80 on Friday, hitting $64.82. 107,998 shares of the company traded hands, compared to its average volume of 139,363. Avantis U.S. Small Cap Equity ETF has a 12-month low of $41.58 and a 12-month high of $65.93. The company has a market cap of $2.37 billion, a P/E ratio of 14.03 and a beta of 1.10. The firm’s 50-day simple moving average is $61.73 and its 200 day simple moving average is $58.39.

Avantis U.S. Small Cap Equity ETF Company Profile

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.