Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Short Interest Down 67.4% in May

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 883,806 shares, a decrease of 67.4% from the May 14th total of 2,710,244 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 2,627,359 shares, the short-interest ratio is currently 0.3 days.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA AVEM opened at $91.14 on Thursday. The stock has a market capitalization of $23.77 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. The business has a 50-day moving average of $90.74 and a 200-day moving average of $84.40. Avantis Emerging Markets Equity ETF has a fifty-two week low of $66.19 and a fifty-two week high of $99.67.

Hedge Funds Weigh In On Avantis Emerging Markets Equity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of AVEM. Winch Advisory Services LLC bought a new position in Avantis Emerging Markets Equity ETF during the first quarter worth about $26,000. Glenmede Trust Co. NA acquired a new stake in Avantis Emerging Markets Equity ETF during the first quarter worth approximately $31,000. Rothschild Investment LLC lifted its position in Avantis Emerging Markets Equity ETF by 192.7% during the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after acquiring an additional 289 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in Avantis Emerging Markets Equity ETF during the fourth quarter worth approximately $36,000. Finally, Team Financial Group LLC lifted its position in Avantis Emerging Markets Equity ETF by 184.2% during the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock worth $43,000 after acquiring an additional 361 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.