Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV) Short Interest Up 115.6% in May

Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 477,000 shares, an increase of 115.6% from the May 15th total of 221,200 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 1,222,300 shares, the short-interest ratio is presently 0.4 days.

Avantis U.S. Small Cap Value ETF Trading Down 1.4%

Shares of NYSEARCA AVUV opened at $89.22 on Friday. The company has a fifty day moving average price of $85.57 and a 200 day moving average price of $91.82. Avantis U.S. Small Cap Value ETF has a 1-year low of $74.00 and a 1-year high of $107.64. The firm has a market cap of $15.48 billion, a PE ratio of 11.34 and a beta of 1.10.

Hedge Funds Weigh In On Avantis U.S. Small Cap Value ETF

A number of large investors have recently modified their holdings of AVUV. Ameriprise Financial Inc. boosted its stake in shares of Avantis U.S. Small Cap Value ETF by 24.6% during the 1st quarter. Ameriprise Financial Inc. now owns 1,911,402 shares of the company’s stock worth $166,607,000 after buying an additional 377,381 shares during the last quarter. First Merchants Corp acquired a new position in shares of Avantis U.S. Small Cap Value ETF during the 1st quarter worth about $9,790,000. JPMorgan Chase & Co. boosted its stake in shares of Avantis U.S. Small Cap Value ETF by 74.8% during the 4th quarter. JPMorgan Chase & Co. now owns 253,659 shares of the company’s stock worth $24,486,000 after buying an additional 108,509 shares during the last quarter. Orrstown Financial Services Inc. boosted its stake in shares of Avantis U.S. Small Cap Value ETF by 21.4% during the 1st quarter. Orrstown Financial Services Inc. now owns 346,458 shares of the company’s stock worth $30,201,000 after buying an additional 61,012 shares during the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in shares of Avantis U.S. Small Cap Value ETF during the 4th quarter worth about $4,938,000.

About Avantis U.S. Small Cap Value ETF

The Avantis U.S. Small Cap Value ETF (AVUV) is an exchange-traded fund that is based on the Russell 2000 Value index. The fund is an actively-managed portfolio of US small-cap value companies selected based on fundamental criteria. AVUV was launched on Sep 24, 2019 and is managed by American Century Investments.