Avantis International Equity ETF (NYSEARCA:AVDE) Sees Significant Drop in Short Interest

Avantis International Equity ETF (NYSEARCA:AVDE) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 222,953 shares, a decline of 78.4% from the February 12th total of 1,031,617 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 1,270,969 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 1,270,969 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Avantis International Equity ETF

Large investors have recently modified their holdings of the business. BWM Planning LLC boosted its position in Avantis International Equity ETF by 58.7% during the second quarter. BWM Planning LLC now owns 262,780 shares of the company’s stock valued at $19,448,000 after purchasing an additional 97,229 shares during the last quarter. Assetmark Inc. raised its stake in shares of Avantis International Equity ETF by 433.2% during the 2nd quarter. Assetmark Inc. now owns 997 shares of the company’s stock worth $74,000 after purchasing an additional 810 shares in the last quarter. Great Point Wealth Advisors LLC acquired a new stake in shares of Avantis International Equity ETF in the 3rd quarter valued at approximately $6,500,000. Advyzon Investment Management LLC boosted its holdings in shares of Avantis International Equity ETF by 110.2% in the 3rd quarter. Advyzon Investment Management LLC now owns 47,714 shares of the company’s stock valued at $3,765,000 after buying an additional 25,013 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in shares of Avantis International Equity ETF by 5.2% in the second quarter. Cerity Partners LLC now owns 691,229 shares of the company’s stock valued at $51,158,000 after buying an additional 33,920 shares in the last quarter.

Avantis International Equity ETF Stock Performance

Avantis International Equity ETF stock traded up $0.30 during mid-day trading on Tuesday, reaching $86.71. The company’s stock had a trading volume of 1,867,590 shares, compared to its average volume of 1,294,652. The company has a market capitalization of $13.08 billion, a price-to-earnings ratio of 14.71 and a beta of 0.84. Avantis International Equity ETF has a 12 month low of $58.56 and a 12 month high of $92.60. The business’s 50 day simple moving average is $87.56 and its 200 day simple moving average is $82.32.

Avantis International Equity ETF Company Profile

The Avantis International Equity ETF (AVDE) is an exchange-traded fund that is based on the MSCI WORLD EX USA IMI INDEX index. The fund is an actively managed portfolio of non-US companies from developed markets, of all market capitalizations, focusing on smaller, value companies. AVDE was launched on Sep 24, 2019 and is managed by American Century Investments.