Avantis Emerging Markets Value ETF (NYSEARCA:AVES) Sees Significant Drop in Short Interest

Avantis Emerging Markets Value ETF (NYSEARCA:AVES) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 31,722 shares, a decline of 90.6% from the April 15th total of 338,396 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 76,599 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AVES. Comerica Bank purchased a new position in shares of Avantis Emerging Markets Value ETF in the fourth quarter worth about $41,000. Fifth Third Bancorp increased its holdings in shares of Avantis Emerging Markets Value ETF by 3,124.2% in the first quarter. Fifth Third Bancorp now owns 1,999 shares of the company’s stock worth $120,000 after buying an additional 1,937 shares during the period. Royal Bank of Canada purchased a new position in shares of Avantis Emerging Markets Value ETF in the fourth quarter worth about $136,000. US Bancorp DE purchased a new position in shares of Avantis Emerging Markets Value ETF in the third quarter worth about $153,000. Finally, Private Trust Co. NA increased its holdings in shares of Avantis Emerging Markets Value ETF by 50.9% in the fourth quarter. Private Trust Co. NA now owns 2,934 shares of the company’s stock worth $171,000 after buying an additional 990 shares during the period.

Avantis Emerging Markets Value ETF Stock Down 0.1%

Shares of AVES traded down $0.04 during trading hours on Monday, hitting $67.69. The company had a trading volume of 43,751 shares, compared to its average volume of 143,039. The firm has a market cap of $1.46 billion, a P/E ratio of 10.65 and a beta of 0.69. The stock’s 50 day moving average price is $62.68 and its 200 day moving average price is $61.03. Avantis Emerging Markets Value ETF has a 52-week low of $49.54 and a 52-week high of $67.84.

Avantis Emerging Markets Value ETF Company Profile

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.