Short Interest in Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC) Declines By 45.1%

Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 49,667 shares, a decline of 45.1% from the July 15th total of 90,412 shares. Based on an average daily trading volume, of 68,584 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Wealth Asset Management LLC acquired a new position in Avantis U.S. Large Cap Equity ETF during the fourth quarter worth about $2,220,000. Strategic Blueprint LLC purchased a new position in Avantis U.S. Large Cap Equity ETF during the fourth quarter worth approximately $11,079,000. Allworth Financial LP grew its holdings in Avantis U.S. Large Cap Equity ETF by 343.7% in the 4th quarter. Allworth Financial LP now owns 173,696 shares of the company’s stock valued at $13,656,000 after buying an additional 134,553 shares in the last quarter. Hills Bank & Trust Co purchased a new stake in Avantis U.S. Large Cap Equity ETF in the 4th quarter valued at $1,138,000. Finally, Beaird Harris Wealth Management LLC increased its stake in shares of Avantis U.S. Large Cap Equity ETF by 10.2% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 661,326 shares of the company’s stock worth $51,993,000 after acquiring an additional 61,102 shares during the last quarter.

Avantis U.S. Large Cap Equity ETF Trading Down 0.9%

NYSEARCA:AVLC traded down $0.85 during trading hours on Tuesday, hitting $91.82. 40,803 shares of the stock were exchanged, compared to its average volume of 65,239. The firm’s fifty day moving average price is $89.75 and its 200 day moving average price is $85.24. Avantis U.S. Large Cap Equity ETF has a 52-week low of $72.84 and a 52-week high of $93.55. The company has a market cap of $1.41 billion, a P/E ratio of 22.04 and a beta of 1.01.

Avantis U.S. Large Cap Equity ETF Company Profile

The Avantis U.S. Large Cap Equity ETF (AVLC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in US large-cap stocks of companies perceived to have high-growth characteristics and attractive valuations. The fund aims for long-term capital appreciation AVLC was launched on Sep 26, 2023 and is issued by American Century Investments.