Short Interest in Avantis Emerging Markets Value ETF (NYSEARCA:AVES) Expands By 169.6%

Avantis Emerging Markets Value ETF (NYSEARCA:AVES) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 148,962 shares, a growth of 169.6% from the June 30th total of 55,251 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 104,452 shares, the days-to-cover ratio is currently 1.4 days.

Avantis Emerging Markets Value ETF Stock Down 0.4%

Shares of NYSEARCA AVES traded down $0.24 during mid-day trading on Monday, reaching $62.64. 134,515 shares of the company were exchanged, compared to its average volume of 125,123. The stock has a market capitalization of $1.42 billion, a P/E ratio of 10.65 and a beta of 0.70. The company’s 50-day simple moving average is $65.67 and its 200-day simple moving average is $63.93. Avantis Emerging Markets Value ETF has a twelve month low of $53.43 and a twelve month high of $69.06.

Institutional Investors Weigh In On Avantis Emerging Markets Value ETF

Several hedge funds have recently bought and sold shares of AVES. Empowered Funds LLC boosted its holdings in shares of Avantis Emerging Markets Value ETF by 2.8% during the first quarter. Empowered Funds LLC now owns 713,801 shares of the company’s stock worth $42,814,000 after acquiring an additional 19,661 shares during the period. Symmetry Partners LLC boosted its stake in Avantis Emerging Markets Value ETF by 137.7% in the 4th quarter. Symmetry Partners LLC now owns 378,071 shares of the company’s stock valued at $22,045,000 after purchasing an additional 218,989 shares during the period. Armbruster Capital Management Inc. boosted its stake in Avantis Emerging Markets Value ETF by 0.3% in the 1st quarter. Armbruster Capital Management Inc. now owns 348,389 shares of the company’s stock valued at $20,896,000 after purchasing an additional 886 shares during the period. Jane Street Group LLC grew its holdings in Avantis Emerging Markets Value ETF by 497.1% in the 2nd quarter. Jane Street Group LLC now owns 301,100 shares of the company’s stock valued at $16,122,000 after buying an additional 250,674 shares in the last quarter. Finally, Pathstone Holdings LLC grew its holdings in Avantis Emerging Markets Value ETF by 2.6% in the 3rd quarter. Pathstone Holdings LLC now owns 300,045 shares of the company’s stock valued at $17,214,000 after buying an additional 7,613 shares in the last quarter.

About Avantis Emerging Markets Value ETF

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.