Avantis Emerging Markets Small Cap Equity ETF (NYSEARCA:AVEE) Sees Significant Growth in Short Interest

Avantis Emerging Markets Small Cap Equity ETF (NYSEARCA:AVEE) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 135,617 shares, an increase of 246.1% from the September 30th total of 39,179 shares. Currently, 6.5% of the company’s stock are short sold. Based on an average daily volume of 14,847 shares, the short-interest ratio is presently 9.1 days.

Institutional Investors Weigh In On Avantis Emerging Markets Small Cap Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. ERn Financial LLC lifted its holdings in shares of Avantis Emerging Markets Small Cap Equity ETF by 19.4% in the 3rd quarter. ERn Financial LLC now owns 12,908 shares of the company’s stock valued at $885,000 after purchasing an additional 2,101 shares during the last quarter. Evanson Financial LLC boosted its position in shares of Avantis Emerging Markets Small Cap Equity ETF by 463.8% in the 3rd quarter. Evanson Financial LLC now owns 16,554 shares of the company’s stock valued at $1,135,000 after purchasing an additional 13,618 shares during the period. Mills Wealth Advisors LLC grew its stake in Avantis Emerging Markets Small Cap Equity ETF by 53.6% during the 3rd quarter. Mills Wealth Advisors LLC now owns 6,474 shares of the company’s stock worth $444,000 after buying an additional 2,259 shares during the last quarter. ARK & TLK Investments LLC grew its stake in Avantis Emerging Markets Small Cap Equity ETF by 27.2% during the 3rd quarter. ARK & TLK Investments LLC now owns 24,489 shares of the company’s stock worth $1,679,000 after buying an additional 5,236 shares during the last quarter. Finally, Avior Wealth Management LLC purchased a new position in Avantis Emerging Markets Small Cap Equity ETF during the 3rd quarter worth approximately $970,000.

Avantis Emerging Markets Small Cap Equity ETF Stock Down 1.3%

Avantis Emerging Markets Small Cap Equity ETF stock traded down $0.87 during mid-day trading on Thursday, hitting $64.12. The company had a trading volume of 9,111 shares, compared to its average volume of 13,864. The business has a fifty day moving average of $68.42 and a 200 day moving average of $67.68. Avantis Emerging Markets Small Cap Equity ETF has a 1 year low of $60.89 and a 1 year high of $72.93. The stock has a market cap of $134.65 million, a price-to-earnings ratio of 13.82 and a beta of 0.71.

About Avantis Emerging Markets Small Cap Equity ETF

The Avantis Emerging Markets Small Cap Equity ETF (AVEE) is an exchange-traded fund that mostly invests in small-cap stocks. The fund seeks long-term capital appreciation through an actively managed portfolio of small-cap companies in the emerging market equity space, selected based on fundamental criteria. AVEE was launched on Nov 7, 2023 and is issued by American Century Investments.