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

Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC) was the recipient of a significant decline in short interest during the month of 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 days-to-cover ratio is presently 0.7 days.

Avantis U.S. Large Cap Equity ETF Stock Down 0.9%

Shares of AVLC opened at $91.82 on Wednesday. The company has a market capitalization of $1.41 billion, a price-to-earnings 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 stock has a 50 day moving average price of $89.83 and a 200 day moving average price of $85.31.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in Avantis U.S. Large Cap Equity ETF during the 2nd quarter worth $514,000. MML Investors Services LLC boosted its stake in Avantis U.S. Large Cap Equity ETF by 3.7% in the second quarter. MML Investors Services LLC now owns 82,995 shares of the company’s stock valued at $5,896,000 after acquiring an additional 2,935 shares in the last quarter. Visionary Wealth Advisors grew its holdings in shares of Avantis U.S. Large Cap Equity ETF by 140.5% during the second quarter. Visionary Wealth Advisors now owns 117,783 shares of the company’s stock worth $8,367,000 after purchasing an additional 68,816 shares during the last quarter. Beaird Harris Wealth Management LLC grew its holdings in shares of Avantis U.S. Large Cap Equity ETF by 15.0% during the third quarter. Beaird Harris Wealth Management LLC now owns 600,224 shares of the company’s stock worth $45,923,000 after purchasing an additional 78,356 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of Avantis U.S. Large Cap Equity ETF during the third quarter worth about $248,000.

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.