Avantis U.S. Quality ETF (NASDAQ:AVUQ) Short Interest Up 58.9% in August

Avantis U.S. Quality ETF (NASDAQ:AVUQ) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 32,902 shares, an increase of 58.9% from the August 15th total of 20,704 shares. Based on an average trading volume of 50,599 shares, the short-interest ratio is currently 0.7 days. Currently, 0.7% of the shares of the company are short sold.

Avantis U.S. Quality ETF Price Performance

Shares of Avantis U.S. Quality ETF stock opened at $65.74 on Thursday. Avantis U.S. Quality ETF has a 1 year low of $54.65 and a 1 year high of $68.38. The company has a market capitalization of $394.37 million, a price-to-earnings ratio of 29.10 and a beta of 1.16. The business has a fifty day simple moving average of $66.52 and a two-hundred day simple moving average of $64.06.

Avantis U.S. Quality ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Tuesday, September 8th were issued a dividend of $0.0428 per share. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.17 annualized dividend and a dividend yield of 0.3%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Sankala Group LLC bought a new stake in shares of Avantis U.S. Quality ETF during the fourth quarter worth approximately $48,000. Orion Capital Management LLC increased its stake in shares of Avantis U.S. Quality ETF by 24,600.0% during the second quarter. Orion Capital Management LLC now owns 4,940 shares of the company’s stock worth $326,000 after purchasing an additional 4,920 shares during the period. Legacy Financial Group Inc. lifted its holdings in Avantis U.S. Quality ETF by 9.8% during the 4th quarter. Legacy Financial Group Inc. now owns 11,972 shares of the company’s stock worth $720,000 after purchasing an additional 1,070 shares during the last quarter. NewEdge Advisors LLC bought a new stake in Avantis U.S. Quality ETF in the 1st quarter valued at $6,927,000. Finally, Torren Management LLC grew its holdings in Avantis U.S. Quality ETF by 0.3% in the 1st quarter. Torren Management LLC now owns 194,083 shares of the company’s stock valued at $11,012,000 after buying an additional 615 shares in the last quarter.

Avantis U.S. Quality ETF Company Profile

​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.