Avantis All International Markets Equity ETF (NYSEARCA:AVNM – Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 66,871 shares, a drop of 40.7% from the September 15th total of 112,721 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 104,504 shares, the short-interest ratio is presently 0.6 days.
Avantis All International Markets Equity ETF Trading Down 1.3%
NYSEARCA AVNM opened at $81.77 on Thursday. The stock’s 50 day moving average is $84.54 and its two-hundred day moving average is $82.80. The company has a market capitalization of $768.64 million, a price-to-earnings ratio of 13.10 and a beta of 0.68. Avantis All International Markets Equity ETF has a 1-year low of $69.39 and a 1-year high of $86.73.
Hedge Funds Weigh In On Avantis All International Markets Equity ETF
A number of hedge funds have recently modified their holdings of AVNM. Team Financial Group LLC acquired a new stake in Avantis All International Markets Equity ETF in the 1st quarter valued at $30,000. Orion Capital Management LLC grew its position in Avantis All International Markets Equity ETF by 817.5% in the second quarter. Orion Capital Management LLC now owns 523 shares of the company’s stock valued at $43,000 after acquiring an additional 466 shares during the period. XY Planning Network Inc. grew its position in Avantis All International Markets Equity ETF by 3.8% in the second quarter. XY Planning Network Inc. now owns 3,928 shares of the company’s stock valued at $324,000 after acquiring an additional 143 shares during the period. Allworth Financial LP raised its stake in Avantis All International Markets Equity ETF by 597.5% during the second quarter. Allworth Financial LP now owns 4,436 shares of the company’s stock worth $365,000 after acquiring an additional 3,800 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in Avantis All International Markets Equity ETF by 137.5% during the first quarter. Royal Bank of Canada now owns 6,947 shares of the company’s stock worth $529,000 after acquiring an additional 4,022 shares in the last quarter.
About Avantis All International Markets Equity ETF
The Avantis All International Markets Equity ETF (AVNM) 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 securities with higher expected returns. AVNM was launched on Jun 27, 2023 and is managed by American Century Investments.
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