Short Interest in Avantis Emerging Markets Value ETF (NYSEARCA:AVES) Decreases By 87.7%

Avantis Emerging Markets Value ETF (NYSEARCA:AVES) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 55,251 shares, a decrease of 87.7% from the June 15th total of 447,461 shares. Based on an average daily trading volume, of 108,948 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

Avantis Emerging Markets Value ETF Stock Down 2.3%

Shares of AVES traded down $1.49 during mid-day trading on Monday, reaching $64.14. The company’s stock had a trading volume of 88,952 shares, compared to its average volume of 125,574. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 10.65 and a beta of 0.70. The business has a fifty day moving average of $66.29 and a 200 day moving average of $63.57. Avantis Emerging Markets Value ETF has a 1 year low of $53.43 and a 1 year high of $69.06.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Austin Wealth Management LLC increased its position in Avantis Emerging Markets Value ETF by 9.1% during the fourth quarter. Austin Wealth Management LLC now owns 206,384 shares of the company’s stock worth $12,292,000 after buying an additional 17,170 shares during the last quarter. EJMK Ventures LLC acquired a new stake in shares of Avantis Emerging Markets Value ETF in the fourth quarter worth about $1,863,000. Farther Finance Advisors LLC boosted its stake in shares of Avantis Emerging Markets Value ETF by 665.4% during the 4th quarter. Farther Finance Advisors LLC now owns 123,061 shares of the company’s stock worth $7,176,000 after acquiring an additional 106,982 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Avantis Emerging Markets Value ETF by 5.7% during the 3rd quarter. Focus Partners Wealth now owns 800,470 shares of the company’s stock worth $45,923,000 after acquiring an additional 43,004 shares in the last quarter. Finally, B&D White Capital Company LLC increased its holdings in shares of Avantis Emerging Markets Value ETF by 56.6% during the 4th quarter. B&D White Capital Company LLC now owns 299,158 shares of the company’s stock valued at $17,444,000 after acquiring an additional 108,113 shares during the last quarter.

Avantis Emerging Markets Value ETF Company Profile

The Avantis Emerging Markets Value ETF (AVES) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of emerging market equities with lower prices relative to their book values. AVES was launched on Sep 28, 2021 and is managed by American Century Investments.