Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV) Short Interest Down 38.4% in May

Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totaling 602,038 shares, a decrease of 38.4% from the April 30th total of 976,805 shares. Based on an average daily trading volume, of 1,212,030 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the company’s shares are short sold.

Avantis U.S. Small Cap Value ETF Stock Performance

NYSEARCA:AVUV opened at $121.45 on Friday. The stock’s fifty day moving average price is $117.05 and its two-hundred day moving average price is $110.58. Avantis U.S. Small Cap Value ETF has a 52-week low of $87.90 and a 52-week high of $122.07. The company has a market cap of $26.65 billion, a price-to-earnings ratio of 11.26 and a beta of 1.00.

Institutional Trading of Avantis U.S. Small Cap Value ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AVUV. JPMorgan Chase & Co. increased its position in Avantis U.S. Small Cap Value ETF by 86.2% in the fourth quarter. JPMorgan Chase & Co. now owns 848,616 shares of the company’s stock worth $86,542,000 after purchasing an additional 392,866 shares during the period. Quent Long Short Global Small Cap Fund LP acquired a new stake in Avantis U.S. Small Cap Value ETF in the fourth quarter worth about $25,624,000. Argent Advisors Inc. acquired a new stake in Avantis U.S. Small Cap Value ETF in the first quarter worth about $12,998,000. Farther Finance Advisors LLC increased its position in Avantis U.S. Small Cap Value ETF by 33.4% in the fourth quarter. Farther Finance Advisors LLC now owns 444,918 shares of the company’s stock worth $45,373,000 after purchasing an additional 111,342 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Avantis U.S. Small Cap Value ETF by 6.0% in the third quarter. Ameriprise Financial Inc. now owns 1,920,854 shares of the company’s stock worth $191,190,000 after purchasing an additional 109,161 shares during the period.

About Avantis U.S. Small Cap Value ETF

The Avantis U.S. Small Cap Value ETF (AVUV) is an exchange-traded fund that is based on the Russell 2000 Value index. The fund is an actively-managed portfolio of US small-cap value companies selected based on fundamental criteria. AVUV was launched on Sep 24, 2019 and is managed by American Century Investments.