Short Interest in Avantis Real Estate ETF (NYSEARCA:AVRE) Declines By 41.9%

Avantis Real Estate ETF (NYSEARCA:AVRE) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 101,797 shares, a decline of 41.9% from the June 15th total of 175,264 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 54,851 shares, the days-to-cover ratio is currently 1.9 days.

Avantis Real Estate ETF Stock Up 1.7%

Shares of NYSEARCA AVRE traded up $0.84 on Thursday, hitting $48.85. The company had a trading volume of 48,517 shares, compared to its average volume of 61,209. Avantis Real Estate ETF has a 12-month low of $42.98 and a 12-month high of $48.85. The firm has a market capitalization of $874.41 million, a P/E ratio of 28.60 and a beta of 0.90. The business has a 50 day moving average of $47.56 and a two-hundred day moving average of $46.25.

Hedge Funds Weigh In On Avantis Real Estate ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new position in shares of Avantis Real Estate ETF during the first quarter worth $61,000. Farther Finance Advisors LLC increased its stake in Avantis Real Estate ETF by 749.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,013 shares of the company’s stock worth $88,000 after buying an additional 1,776 shares during the period. Lloyd Advisory Services LLC. acquired a new position in Avantis Real Estate ETF in the 4th quarter worth $91,000. Torren Management LLC purchased a new position in Avantis Real Estate ETF in the 4th quarter valued at about $182,000. Finally, Nwam LLC boosted its position in Avantis Real Estate ETF by 7.6% in the 4th quarter. Nwam LLC now owns 5,385 shares of the company’s stock valued at $234,000 after buying an additional 382 shares during the last quarter.

About Avantis Real Estate ETF

The Avantis Real Estate ETF (AVRE) is an exchange-traded fund that is based on the S&P Global REIT index. The fund is an actively managed fund that provides broad exposure to real estate securities around the world. AVRE was launched on Sep 28, 2021 and is managed by American Century Investments.