Avantis All International Markets Value ETF (NYSEARCA:AVNV) Sees Large Growth in Short Interest

Avantis All International Markets Value ETF (NYSEARCA:AVNV) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 13,359 shares, a growth of 609.5% from the August 15th total of 1,883 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily volume of 14,086 shares, the short-interest ratio is currently 0.9 days.

Avantis All International Markets Value ETF Stock Down 1.7%

Shares of NYSEARCA:AVNV opened at $86.05 on Friday. The firm has a market cap of $68.84 million, a P/E ratio of 11.05 and a beta of 0.61. Avantis All International Markets Value ETF has a 12-month low of $70.05 and a 12-month high of $88.48. The business has a fifty day simple moving average of $84.95 and a 200 day simple moving average of $83.29.

Hedge Funds Weigh In On Avantis All International Markets Value ETF

A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. acquired a new position in shares of Avantis All International Markets Value ETF in the second quarter worth approximately $4,915,000. Jane Street Group LLC bought a new stake in Avantis All International Markets Value ETF in the second quarter valued at approximately $19,891,000. Susquehanna International Group LLP increased its position in Avantis All International Markets Value ETF by 20.6% during the 3rd quarter. Susquehanna International Group LLP now owns 15,613 shares of the company’s stock valued at $1,120,000 after purchasing an additional 2,668 shares during the period. RHL Group LLC acquired a new stake in Avantis All International Markets Value ETF during the 4th quarter valued at approximately $46,000. Finally, Financial Management Network Inc. bought a new position in Avantis All International Markets Value ETF during the 1st quarter worth approximately $454,000.

About Avantis All International Markets Value ETF

The Avantis All International Markets Value ETF (AVNV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in international equity portfolios, typically heavily weighted towards developed markets outside the US. It seeks long-term capital appreciation through factor-investing, focusing on securities with value characteristics and higher expected returns. AVNV was launched on Jun 27, 2023 and is managed by American Century Investments.