Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Short Interest Down 49.5% in June

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 446,504 shares, a decrease of 49.5% from the May 31st total of 883,806 shares. Based on an average daily trading volume, of 1,774,056 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Trading of Avantis Emerging Markets Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Asempa Wealth Advisors acquired a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at approximately $939,000. Breakwater Capital Group lifted its position in Avantis Emerging Markets Equity ETF by 14.8% in the 4th quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock valued at $4,045,000 after acquiring an additional 6,774 shares in the last quarter. Greenwood Capital Associates LLC lifted its position in Avantis Emerging Markets Equity ETF by 24.5% in the 4th quarter. Greenwood Capital Associates LLC now owns 50,241 shares of the company’s stock valued at $3,870,000 after acquiring an additional 9,895 shares in the last quarter. ACT Advisors LLC. boosted its stake in Avantis Emerging Markets Equity ETF by 3.4% in the 4th quarter. ACT Advisors LLC. now owns 307,508 shares of the company’s stock worth $23,684,000 after purchasing an additional 10,245 shares during the period. Finally, Armstrong Fleming & Moore Inc increased its holdings in Avantis Emerging Markets Equity ETF by 16.0% during the 4th quarter. Armstrong Fleming & Moore Inc now owns 233,841 shares of the company’s stock worth $18,010,000 after purchasing an additional 32,228 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA AVEM traded down $1.10 during mid-day trading on Thursday, reaching $92.44. 2,436,525 shares of the stock were exchanged, compared to its average volume of 1,998,213. The stock has a market cap of $25.11 billion, a P/E ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a one year low of $68.15 and a one year high of $100.83. The stock has a 50 day simple moving average of $94.22 and a 200-day simple moving average of $86.49.

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.