Avantis Emerging Markets Small Cap Equity ETF (NYSEARCA:AVEE) Sees Large Increase in Short Interest

Avantis Emerging Markets Small Cap Equity ETF (NYSEARCA:AVEE) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 29,891 shares, a growth of 379.3% from the May 31st total of 6,236 shares. Based on an average daily trading volume, of 18,088 shares, the short-interest ratio is presently 1.7 days. Approximately 1.8% of the company’s stock are sold short.

Hedge Funds Weigh In On Avantis Emerging Markets Small Cap Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in AVEE. ARK & TLK Investments LLC grew its holdings in Avantis Emerging Markets Small Cap Equity ETF by 199.1% during the 4th quarter. ARK & TLK Investments LLC now owns 11,259 shares of the company’s stock worth $703,000 after acquiring an additional 7,495 shares in the last quarter. Cornerstone Wealth Partners LLC acquired a new stake in shares of Avantis Emerging Markets Small Cap Equity ETF in the 4th quarter valued at $5,751,000. Lam Group Inc. lifted its position in shares of Avantis Emerging Markets Small Cap Equity ETF by 5.1% during the 4th quarter. Lam Group Inc. now owns 8,840 shares of the company’s stock worth $552,000 after purchasing an additional 430 shares during the last quarter. Index Fund Advisors Inc. grew its stake in shares of Avantis Emerging Markets Small Cap Equity ETF by 21.8% during the fourth quarter. Index Fund Advisors Inc. now owns 107,357 shares of the company’s stock worth $6,700,000 after purchasing an additional 19,226 shares in the last quarter. Finally, Timonier Family Office LTD. grew its stake in shares of Avantis Emerging Markets Small Cap Equity ETF by 6.8% during the fourth quarter. Timonier Family Office LTD. now owns 78,632 shares of the company’s stock worth $4,907,000 after purchasing an additional 5,028 shares in the last quarter.

Avantis Emerging Markets Small Cap Equity ETF Stock Performance

Shares of Avantis Emerging Markets Small Cap Equity ETF stock traded down $0.39 during trading hours on Friday, reaching $67.91. 18,780 shares of the company were exchanged, compared to its average volume of 13,582. The firm has a market cap of $115.45 million, a PE ratio of 13.82 and a beta of 0.64. Avantis Emerging Markets Small Cap Equity ETF has a 1 year low of $59.69 and a 1 year high of $72.93. The stock’s fifty day moving average is $70.49 and its 200 day moving average is $66.77.

Avantis Emerging Markets Small Cap Equity ETF Company Profile

The Avantis Emerging Markets Small Cap Equity ETF (AVEE) is an exchange-traded fund that mostly invests in small-cap stocks. The fund seeks long-term capital appreciation through an actively managed portfolio of small-cap companies in the emerging market equity space, selected based on fundamental criteria. AVEE was launched on Nov 7, 2023 and is issued by American Century Investments.