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

Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 610 shares, an increase of 91.2% from the February 26th total of 319 shares. Based on an average trading volume of 1,329 shares, the short-interest ratio is currently 0.5 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Trading of Avantis Inflation Focused Equity ETF

A hedge fund recently raised its stake in Avantis Inflation Focused Equity ETF stock. Geneos Wealth Management Inc. boosted its stake in Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) by 10.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,717 shares of the company’s stock after buying an additional 337 shares during the period. Geneos Wealth Management Inc. owned approximately 3.72% of Avantis Inflation Focused Equity ETF worth $245,000 as of its most recent filing with the SEC.

Avantis Inflation Focused Equity ETF Price Performance

Avantis Inflation Focused Equity ETF stock traded down $0.03 during mid-day trading on Friday, hitting $72.35. 3,430 shares of the company’s stock traded hands, compared to its average volume of 1,373. The firm has a 50 day simple moving average of $71.88 and a two-hundred day simple moving average of $67.06. Avantis Inflation Focused Equity ETF has a fifty-two week low of $56.29 and a fifty-two week high of $74.79. The stock has a market cap of $7.24 million, a price-to-earnings ratio of 17.76 and a beta of 0.64.

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.