Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sees Significant Growth in Short Interest

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 1,039,426 shares, a growth of 38.8% from the November 30th total of 748,707 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 1,037,531 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 1,037,531 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.6% of the company’s shares are short sold.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM stock traded up $0.21 on Tuesday, hitting $77.22. The company had a trading volume of 844,896 shares, compared to its average volume of 894,817. Avantis Emerging Markets Equity ETF has a twelve month low of $52.52 and a twelve month high of $78.76. The firm has a market cap of $14.32 billion, a P/E ratio of 12.66 and a beta of 0.68. The stock’s 50-day moving average is $76.76 and its two-hundred day moving average is $73.39.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AVEM. Hantz Financial Services Inc. boosted its stake in shares of Avantis Emerging Markets Equity ETF by 2,366.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock valued at $25,000 after purchasing an additional 355 shares during the last quarter. American Capital Advisory LLC bought a new position in Avantis Emerging Markets Equity ETF during the third quarter worth $30,000. AdvisorNet Financial Inc lifted its holdings in Avantis Emerging Markets Equity ETF by 213.4% in the second quarter. AdvisorNet Financial Inc now owns 492 shares of the company’s stock valued at $34,000 after buying an additional 335 shares during the period. Tripletail Wealth Management LLC bought a new stake in Avantis Emerging Markets Equity ETF during the third quarter valued at $49,000. Finally, Spire Wealth Management boosted its position in Avantis Emerging Markets Equity ETF by 324.9% during the third quarter. Spire Wealth Management now owns 752 shares of the company’s stock valued at $56,000 after acquiring an additional 575 shares during the last quarter.

Avantis Emerging Markets Equity ETF Company Profile

The Avantis Emerging Markets Equity ETF (AVEM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.