Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Sees Large Growth in Short Interest

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 103,208 shares, a growth of 95.9% from the March 15th total of 52,695 shares. Based on an average daily volume of 164,972 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV boosted its position in shares of Avantis U.S. Small Cap Equity ETF by 2.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,459,274 shares of the company’s stock worth $849,338,000 after purchasing an additional 378,725 shares during the last quarter. Mason Investment Advisory Services Inc. raised its stake in Avantis U.S. Small Cap Equity ETF by 2.7% during the 4th quarter. Mason Investment Advisory Services Inc. now owns 3,607,787 shares of the company’s stock worth $211,921,000 after buying an additional 96,254 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Avantis U.S. Small Cap Equity ETF by 5.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,164,381 shares of the company’s stock worth $68,396,000 after buying an additional 56,697 shares during the period. Wealth Management Nebraska raised its stake in Avantis U.S. Small Cap Equity ETF by 11.6% during the 4th quarter. Wealth Management Nebraska now owns 1,010,452 shares of the company’s stock worth $59,354,000 after buying an additional 105,187 shares during the period. Finally, Cambridge Associates LLC MA ADV raised its stake in Avantis U.S. Small Cap Equity ETF by 10.2% during the 4th quarter. Cambridge Associates LLC MA ADV now owns 922,735 shares of the company’s stock worth $54,201,000 after buying an additional 85,118 shares during the period.

Avantis U.S. Small Cap Equity ETF Price Performance

NYSEARCA:AVSC opened at $65.32 on Monday. Avantis U.S. Small Cap Equity ETF has a 12-month low of $42.82 and a 12-month high of $65.93. The firm has a market capitalization of $2.55 billion, a P/E ratio of 14.03 and a beta of 1.07. The stock’s fifty day simple moving average is $63.36 and its 200-day simple moving average is $60.49.

Avantis U.S. Small Cap Equity ETF Company Profile

The Avantis U.S. Small Cap Equity ETF (AVSC) is an exchange-traded fund that is based on the Russell 2000 index. The fund is an actively-managed portfolio of US small-cap value companies selected based on fundamental criteria. AVSC was launched on Jan 11, 2022 and is managed by American Century Investments.