Short Interest in Avantis U.S. Quality ETF (NASDAQ:AVUQ) Drops By 58.3%

Avantis U.S. Quality ETF (NASDAQ:AVUQGet Free Report) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,500 shares, a drop of 58.3% from the August 31st total of 3,600 shares. Based on an average trading volume of 3,600 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 3,600 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cresset Asset Management LLC lifted its position in Avantis U.S. Quality ETF by 516.4% during the second quarter. Cresset Asset Management LLC now owns 1,164,803 shares of the company’s stock valued at $62,957,000 after buying an additional 975,843 shares in the last quarter. Legacy Financial Group Inc. acquired a new position in Avantis U.S. Quality ETF during the second quarter valued at approximately $410,000. Finally, True Wealth Design LLC acquired a new position in Avantis U.S. Quality ETF during the second quarter valued at approximately $1,557,000.

Avantis U.S. Quality ETF Price Performance

AVUQ opened at $59.75 on Friday. The business has a 50 day moving average of $57.55. Avantis U.S. Quality ETF has a 1 year low of $43.33 and a 1 year high of $59.98. The firm has a market capitalization of $154.75 million and a PE ratio of 29.10.

Avantis U.S. Quality ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Tuesday, September 23rd were given a dividend of $0.0376 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, September 23rd.

About Avantis U.S. Quality ETF

(Get Free Report)

​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.

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