Avantis International Small Cap Value ETF (NYSEARCA:AVDV) Short Interest Down 70.9% in May

Avantis International Small Cap Value ETF (NYSEARCA:AVDV) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 284,685 shares, a drop of 70.9% from the April 30th total of 979,955 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 699,305 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Avantis International Small Cap Value ETF

A number of institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC increased its position in shares of Avantis International Small Cap Value ETF by 3.1% during the first quarter. Parallel Advisors LLC now owns 3,332 shares of the company’s stock worth $333,000 after acquiring an additional 99 shares during the period. Sound Income Strategies LLC increased its position in shares of Avantis International Small Cap Value ETF by 111.7% during the first quarter. Sound Income Strategies LLC now owns 436 shares of the company’s stock worth $44,000 after acquiring an additional 230 shares during the period. Dorsey & Whitney Trust CO LLC increased its position in shares of Avantis International Small Cap Value ETF by 11.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 2,726 shares of the company’s stock worth $256,000 after acquiring an additional 280 shares during the period. Cornerstone Planning Group LLC increased its position in shares of Avantis International Small Cap Value ETF by 68.4% during the third quarter. Cornerstone Planning Group LLC now owns 933 shares of the company’s stock worth $84,000 after acquiring an additional 379 shares during the period. Finally, Sunbelt Securities Inc. increased its position in shares of Avantis International Small Cap Value ETF by 1,739.1% during the fourth quarter. Sunbelt Securities Inc. now owns 423 shares of the company’s stock worth $40,000 after acquiring an additional 400 shares during the period.

Avantis International Small Cap Value ETF Stock Performance

Shares of NYSEARCA:AVDV opened at $109.60 on Friday. The firm has a market cap of $19.49 billion, a PE ratio of 10.39 and a beta of 0.76. The firm’s 50 day simple moving average is $104.74 and its 200-day simple moving average is $100.55. Avantis International Small Cap Value ETF has a one year low of $76.82 and a one year high of $110.86.

About Avantis International Small Cap Value ETF

The Avantis International Small Cap Value ETF (AVDV) is an exchange-traded fund that is based on the MSCI World EX-U.S. Small Cap index. The fund is an actively-managed portfolio of non-US small-cap value companies in developed markets. AVDV was launched on Sep 24, 2019 and is managed by American Century Investments.