Avantis U.S. Quality ETF (NASDAQ:AVUQ) Short Interest Update

Avantis U.S. Quality ETF (NASDAQ:AVUQ) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 17,824 shares, a drop of 66.0% from the April 30th total of 52,394 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 25,627 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Sankala Group LLC bought a new position in Avantis U.S. Quality ETF in the 4th quarter valued at approximately $48,000. Plancorp LLC increased its position in Avantis U.S. Quality ETF by 11.1% during the 4th quarter. Plancorp LLC now owns 3,995 shares of the company’s stock valued at $240,000 after purchasing an additional 400 shares during the period. Citadel Advisors LLC acquired a new stake in Avantis U.S. Quality ETF during the 3rd quarter valued at approximately $298,000. EnRich Financial Partners LLC acquired a new stake in Avantis U.S. Quality ETF during the 4th quarter valued at approximately $397,000. Finally, Legacy Financial Group Inc. increased its position in Avantis U.S. Quality ETF by 43.9% during the 3rd quarter. Legacy Financial Group Inc. now owns 10,902 shares of the company’s stock valued at $647,000 after purchasing an additional 3,324 shares during the period.

Avantis U.S. Quality ETF Price Performance

NASDAQ AVUQ traded up $0.35 during trading hours on Monday, reaching $67.64. The company’s stock had a trading volume of 7,335 shares, compared to its average volume of 13,273. The firm has a fifty day simple moving average of $62.23 and a 200-day simple moving average of $60.80. The stock has a market cap of $236.74 million, a P/E ratio of 29.10 and a beta of 1.16. Avantis U.S. Quality ETF has a 52 week low of $51.16 and a 52 week high of $67.67.

Avantis U.S. Quality ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Tuesday, March 10th were issued a $0.0408 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Tuesday, March 10th.

About Avantis U.S. Quality ETF

​The Avantis U.S. Quality ETF (AVUQ) seeks long-term capital appreciation by investing primarily in a diverse group of U.S. companies across various market capitalizations, sectors, and industry groups. The fund emphasizes growth companies, aiming to provide investors with exposure to firms that exhibit strong growth potential.