Avantis U.S. Quality ETF (NASDAQ:AVUQ) Shares Shorted: Short Interest Down 34.3% in October

Avantis U.S. Quality ETF (NASDAQ:AVUQ) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 25,554 shares, a decline of 34.3% from the September 30th total of 38,894 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 104,865 shares, the short-interest ratio is currently 0.2 days.

Avantis U.S. Quality ETF Price Performance

Shares of Avantis U.S. Quality ETF stock opened at $64.86 on Wednesday. The firm has a market cap of $408.62 million, a price-to-earnings ratio of 29.10 and a beta of 1.14. Avantis U.S. Quality ETF has a one year low of $54.65 and a one year high of $69.56. The stock’s 50-day moving average is $67.18 and its 200 day moving average is $64.09.

Avantis U.S. Quality ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Tuesday, September 8th were paid a dividend of $0.0428 per share. This is a drop from Avantis U.S. Quality ETF’s previous quarterly dividend of $0.0652. This represents a $0.17 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, September 8th.

Hedge Funds Weigh In On Avantis U.S. Quality ETF

A number of large investors have recently modified their holdings of the company. Herold Advisors Inc. grew its holdings in shares of Avantis U.S. Quality ETF by 1.4% during the third quarter. Herold Advisors Inc. now owns 13,722 shares of the company’s stock valued at $930,000 after buying an additional 196 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Avantis U.S. Quality ETF by 25.9% in the third quarter. Farther Finance Advisors LLC now owns 1,095 shares of the company’s stock valued at $74,000 after acquiring an additional 225 shares in the last quarter. Torren Management LLC grew its stake in Avantis U.S. Quality ETF by 0.3% in the 1st quarter. Torren Management LLC now owns 194,083 shares of the company’s stock valued at $11,012,000 after purchasing an additional 615 shares during the period. Legacy Financial Group Inc. grew its position in Avantis U.S. Quality ETF by 9.6% during the third quarter. Legacy Financial Group Inc. now owns 15,236 shares of the company’s stock valued at $1,033,000 after buying an additional 1,337 shares during the period. Finally, Evanson Financial LLC purchased a new stake in shares of Avantis U.S. Quality ETF during the 3rd quarter worth approximately $201,000.

Avantis U.S. Quality ETF Company Profile

​The Avantis U.S. Quality ETF (AVUQ) seeks long-term capital appreciation by investing primarily in a diverse group of U.S. companies across various market capitalizations, sectors, and industry groups. The fund emphasizes growth companies, aiming to provide investors with exposure to firms that exhibit strong growth potential.