Avantis International Equity ETF (NYSEARCA:AVDE) Stock Short Interest Rises 167.5%

Avantis International Equity ETF (NYSEARCA:AVDE) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 1,219,094 shares, a growth of 167.5% from the October 15th total of 455,738 shares. Based on an average daily trading volume, of 944,707 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.6% of the company’s stock are sold short.

Hedge Funds Weigh In On Avantis International Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Prime Buchholz LLC acquired a new stake in shares of Avantis International Equity ETF during the third quarter worth approximately $351,000. First Trust Advisors LP acquired a new position in shares of Avantis International Equity ETF in the third quarter worth $815,000. Private Wealth Asset Management LLC acquired a new position in shares of Avantis International Equity ETF in the third quarter worth $831,000. Private Advisor Group LLC purchased a new stake in shares of Avantis International Equity ETF during the third quarter worth $32,123,000. Finally, Tyche Wealth Partners LLC raised its holdings in shares of Avantis International Equity ETF by 11.2% during the third quarter. Tyche Wealth Partners LLC now owns 8,183 shares of the company’s stock worth $737,000 after acquiring an additional 824 shares in the last quarter.

Avantis International Equity ETF Trading Down 0.6%

NYSEARCA:AVDE opened at $89.43 on Friday. The firm has a market capitalization of $19.70 billion, a price-to-earnings ratio of 15.06 and a beta of 0.80. Avantis International Equity ETF has a 1-year low of $77.20 and a 1-year high of $94.82. The business’s fifty day moving average price is $90.60 and its 200 day moving average price is $89.92.

Avantis International Equity ETF Company Profile

The Avantis International Equity ETF (AVDE) is an exchange-traded fund that is based on the MSCI WORLD EX USA IMI INDEX index. The fund is an actively managed portfolio of non-US companies from developed markets, of all market capitalizations, focusing on smaller, value companies. AVDE was launched on Sep 24, 2019 and is managed by American Century Investments.