Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Short Interest Update

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 1,461,500 shares, a decline of 25.4% from the January 15th total of 1,960,168 shares. Based on an average daily trading volume, of 1,702,273 shares, the short-interest ratio is presently 0.9 days. Approximately 0.7% of the company’s stock are short sold. Approximately 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 1,702,273 shares, the short-interest ratio is presently 0.9 days.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA:AVEM traded up $0.32 during midday trading on Friday, reaching $86.27. The stock had a trading volume of 1,792,990 shares, compared to its average volume of 1,823,903. The stock has a market capitalization of $19.07 billion, a P/E ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a 1-year low of $52.52 and a 1-year high of $87.56. The firm’s fifty day simple moving average is $80.31 and its 200-day simple moving average is $76.52.

Hedge Funds Weigh In On Avantis Emerging Markets Equity ETF

Several large investors have recently made changes to their positions in AVEM. Savant Capital LLC increased its position in Avantis Emerging Markets Equity ETF by 3.2% in the 3rd quarter. Savant Capital LLC now owns 18,469,078 shares of the company’s stock worth $1,387,215,000 after buying an additional 564,371 shares during the period. Bank of America Corp DE increased its position in Avantis Emerging Markets Equity ETF by 4.9% during the third quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock worth $1,382,953,000 after acquiring an additional 867,710 shares during the period. Envestnet Asset Management Inc. raised its stake in Avantis Emerging Markets Equity ETF by 16.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 17,514,256 shares of the company’s stock valued at $1,200,426,000 after purchasing an additional 2,483,487 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Avantis Emerging Markets Equity ETF by 3.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 9,209,393 shares of the company’s stock valued at $691,717,000 after purchasing an additional 304,731 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Avantis Emerging Markets Equity ETF by 17.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock valued at $437,145,000 after purchasing an additional 837,069 shares during the period.

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.