AVUS Stock Summary and Trading Ideas (Avantis US Equity ETF | ARCA:AVUS)

The fund invests primarily in a diverse group of U.S. companies across market sectors and industry groups. The fund may invest in companies of all market capitalizations. The fund seeks securities of companies that it expects to have higher returns by placing an enhanced emphasis on securities of companies with smaller market capitalizations and securities of companies it defines as high profitability or value companies. Conversely, the fund seeks to underweight or exclude securities it expects to have lower returns, such as securities of large companies with lower levels of profitability and higher prices relative to their book values or other financial metrics. Value companies may be defined as those with lower price relative to book value ratio or other fundamental value. High profitability companies may be defined as those with higher cash based operating profitability. The portfolio managers may also consider other factors when selecting a security including, industry classification, the past performance of the security relative to other securities, its liquidity, its float, and tax, governance or cost considerations, among others.

Avantis US Equity ETF trades on the ARCA stock market under the symbol AVUS.

As of April 17, 2024, AVUS stock price declined to $84.96 with 292,030 million shares trading.

AVUS has a beta of 1.02, meaning it tends to be more sensitive to market movements. AVUS has a correlation of 0.92 to the broad based SPY ETF.

AVUS has a market cap of $6.19 billion. This is considered a Mid Cap stock.

In the last 3 years, AVUS stock traded as high as $89.65 and as low as $61.78.

AVUS has underperformed the market in the last year with a price return of +20.9% while the SPY ETF gained +23.0%. However, in the short term, AVUS had mixed performance relative to the market. It has outperformed in the last 3 months, returning +5.9% vs +5.7% return in SPY. But in the last 2 weeks, AVUS shares have been beat by the market, returning -4.1% compared to an SPY return of -3.5%.

AVUS support price is $84.74 and resistance is $86.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AVUS stock will trade within this expected range on the day.