Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Sees Large Increase in Short Interest

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 210,701 shares, an increase of 142.0% from the May 14th total of 87,074 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 140,976 shares, the short-interest ratio is presently 1.5 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Rothschild Investment LLC grew its holdings in Avantis U.S. Small Cap Equity ETF by 576.9% during the fourth quarter. Rothschild Investment LLC now owns 440 shares of the company’s stock worth $26,000 after acquiring an additional 375 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Avantis U.S. Small Cap Equity ETF by 100.0% during the first quarter. EverSource Wealth Advisors LLC now owns 672 shares of the company’s stock worth $42,000 after acquiring an additional 336 shares during the period. Evolution Wealth Management Inc. grew its holdings in Avantis U.S. Small Cap Equity ETF by 122.5% during the fourth quarter. Evolution Wealth Management Inc. now owns 839 shares of the company’s stock worth $49,000 after acquiring an additional 462 shares during the period. Brown Brothers Harriman & Co. acquired a new position in Avantis U.S. Small Cap Equity ETF during the fourth quarter worth about $50,000. Finally, MCF Advisors LLC acquired a new position in Avantis U.S. Small Cap Equity ETF during the fourth quarter worth about $74,000.

Avantis U.S. Small Cap Equity ETF Stock Up 1.0%

NYSEARCA:AVSC opened at $71.22 on Friday. The business’s 50-day moving average price is $67.50 and its 200 day moving average price is $63.78. The firm has a market cap of $2.81 billion, a P/E ratio of 14.03 and a beta of 1.04. Avantis U.S. Small Cap Equity ETF has a 52-week low of $49.58 and a 52-week high of $71.69.

About Avantis U.S. Small Cap Equity ETF

The Avantis U.S. Small Cap Equity ETF (AVSC) is an exchange-traded fund that is based on the Russell 2000 index. The fund is an actively-managed portfolio of US small-cap value companies selected based on fundamental criteria. AVSC was launched on Jan 11, 2022 and is managed by American Century Investments.