Avantis International Large Cap Value ETF (NYSEARCA:AVIV) Sees Significant Drop in Short Interest

Avantis International Large Cap Value ETF (NYSEARCA:AVIV) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 163,333 shares, a decline of 45.1% from the May 14th total of 297,383 shares. Based on an average trading volume of 660,196 shares, the short-interest ratio is currently 0.2 days. Currently, 1.0% of the company’s shares are sold short.

Avantis International Large Cap Value ETF Trading Up 0.6%

Shares of AVIV stock traded up $0.46 on Friday, hitting $78.83. 72,171 shares of the stock were exchanged, compared to its average volume of 131,779. The firm has a market capitalization of $1.28 billion, a P/E ratio of 102.38 and a beta of 0.73. The business has a 50-day moving average of $78.33 and a 200 day moving average of $75.59. Avantis International Large Cap Value ETF has a fifty-two week low of $60.77 and a fifty-two week high of $80.80.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Lam Group Inc. boosted its position in shares of Avantis International Large Cap Value ETF by 50.9% during the fourth quarter. Lam Group Inc. now owns 31,125 shares of the company’s stock worth $2,217,000 after buying an additional 10,500 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Avantis International Large Cap Value ETF by 3,415.0% during the fourth quarter. Farther Finance Advisors LLC now owns 7,979 shares of the company’s stock worth $568,000 after buying an additional 7,752 shares during the period. Private Wealth Asset Management LLC acquired a new position in shares of Avantis International Large Cap Value ETF during the fourth quarter worth about $1,188,000. Redmont Wealth Advisors LLC acquired a new position in shares of Avantis International Large Cap Value ETF during the third quarter worth about $1,164,000. Finally, Frankly Finances LLC acquired a new position in shares of Avantis International Large Cap Value ETF during the fourth quarter worth about $3,752,000. 53.08% of the stock is owned by institutional investors and hedge funds.

About Avantis International Large Cap Value ETF

The Avantis International Large Cap Value ETF (AVIV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund primarily investing in non-US developed market equities with lower prices relative to their book values. AVIV was launched on Sep 28, 2021 and is managed by American Century Investments.