Avantis All Equity Markets ETF (NYSEARCA:AVGE) Sees Large Growth in Short Interest
by Kim Johansen · The Markets DailyAvantis All Equity Markets ETF (NYSEARCA:AVGE – Get Free Report) saw a large increase in short interest during the month of 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. Currently, 1.6% of the company’s shares are sold short. Based on an average daily volume of 76,690 shares, the days-to-cover ratio is currently 2.3 days.
Hedge Funds Weigh In On Avantis All Equity Markets ETF
Several hedge funds and other institutional investors have recently made changes to their positions in AVGE. GFG Capital LLC acquired a new position in Avantis All Equity Markets ETF during the 2nd quarter worth approximately $16,213,000. XY Planning Network Inc. acquired a new position in Avantis All Equity Markets ETF in the second quarter worth about $227,000. Corient Private Wealth LP increased its holdings in shares of Avantis All Equity Markets ETF by 6.7% in the 2nd quarter. Corient Private Wealth LP now owns 40,717 shares of the company’s stock valued at $4,035,000 after acquiring an additional 2,554 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Avantis All Equity Markets ETF during the second quarter valued at $337,000. Finally, Bayshore Asset Management LLC increased its position in shares of Avantis All Equity Markets ETF by 10.8% during the 2nd quarter. Bayshore Asset Management LLC now owns 3,140 shares of the company’s stock valued at $311,000 after purchasing an additional 305 shares during the period.
Avantis All Equity Markets ETF Stock Down 0.5%
Shares of NYSEARCA AVGE traded down $0.52 during trading on Monday, hitting $100.12. 48,808 shares of the company traded hands, compared to its average volume of 63,183. The company has a 50-day moving average price of $100.28 and a 200-day moving average price of $96.45. Avantis All Equity Markets ETF has a 1 year low of $81.20 and a 1 year high of $102.81.
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.