Avantis Global Credit ETF (NASDAQ:AVGB) Sees Significant Decline in Short Interest

Avantis Global Credit ETF (NASDAQ:AVGB) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 5,342 shares, a drop of 41.4% from the July 15th total of 9,119 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 1,936 shares, the days-to-cover ratio is currently 2.8 days.

Avantis Global Credit ETF Price Performance

AVGB stock remained flat at $51.01 during mid-day trading on Tuesday. 1,862 shares of the company’s stock were exchanged, compared to its average volume of 2,176. Avantis Global Credit ETF has a fifty-two week low of $50.35 and a fifty-two week high of $52.07. The company has a 50 day simple moving average of $51.03 and a 200-day simple moving average of $51.02.

Avantis Global Credit ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Tuesday, June 9th were given a $0.2707 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, June 9th.

Institutional Trading of Avantis Global Credit ETF

Several institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its stake in shares of Avantis Global Credit ETF by 39.7% during the fourth quarter. Jane Street Group LLC now owns 6,590 shares of the company’s stock valued at $335,000 after buying an additional 1,872 shares during the last quarter. Beacon Pointe Advisors LLC purchased a new stake in shares of Avantis Global Credit ETF during the fourth quarter valued at $2,438,000. Finally, Plancorp LLC boosted its stake in shares of Avantis Global Credit ETF by 10.7% during the fourth quarter. Plancorp LLC now owns 5,155 shares of the company’s stock valued at $262,000 after purchasing an additional 500 shares during the period.

About Avantis Global Credit ETF

Avantis Credit ETF is an actively managed exchange-traded fund that aims to maximize total return. The fund invests primarily in investment-grade quality debt obligations from a diverse group of U.S. and non-U.S. issuers