Short Interest in Avantis All Equity Markets ETF (NYSEARCA:AVGE) Grows By 108.3%

Avantis All Equity Markets ETF (NYSEARCA:AVGE) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 179,298 shares, an increase of 108.3% from the August 15th total of 86,090 shares. Based on an average daily volume of 76,690 shares, the short-interest ratio is currently 2.3 days. Currently, 1.6% of the shares of the stock are sold short.

Avantis All Equity Markets ETF Stock Performance

Shares of AVGE traded down $0.42 during mid-day trading on Tuesday, hitting $99.51. The company’s stock had a trading volume of 40,334 shares, compared to its average volume of 63,198. The firm has a 50-day moving average price of $100.29 and a 200 day moving average price of $96.49. Avantis All Equity Markets ETF has a fifty-two week low of $81.20 and a fifty-two week high of $102.81.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AVGE. Cogent Private Wealth Inc. acquired a new stake in shares of Avantis All Equity Markets ETF in the fourth quarter worth $2,606,000. Ferguson Johnson Wealth Management Inc acquired a new position in Avantis All Equity Markets ETF during the fourth quarter valued at $550,000. Shira Ridge Wealth Management purchased a new stake in Avantis All Equity Markets ETF in the 2nd quarter worth about $497,000. Align Financial LLC purchased a new stake in Avantis All Equity Markets ETF in the 4th quarter worth about $333,337,000. Finally, Arista Wealth Management LLC acquired a new stake in Avantis All Equity Markets ETF during the 2nd quarter worth about $1,090,000.

About Avantis All Equity Markets ETF

The Avantis All Equity Markets ETF (AVGE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that seeks long-term capital appreciation through investments in equity portfolios holding a wide variety of securities with higher expected returns. AVGE was launched on Sep 27, 2022 and is managed by American Century Investments.