Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Short Interest Update

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 1,319,362 shares, a decrease of 36.0% from the July 30th total of 2,062,642 shares. Based on an average trading volume of 1,593,673 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.5% of the company’s stock are sold short.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA:AVEM traded down $0.44 during midday trading on Tuesday, hitting $94.05. 863,398 shares of the stock were exchanged, compared to its average volume of 1,956,684. Avantis Emerging Markets Equity ETF has a 52-week low of $70.34 and a 52-week high of $100.83. The business’s fifty day simple moving average is $92.54 and its two-hundred day simple moving average is $90.12. The company has a market capitalization of $26.77 billion, a PE ratio of 12.66 and a beta of 0.74.

Institutional Investors Weigh In On Avantis Emerging Markets Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Telos Capital Management Inc. lifted its stake in shares of Avantis Emerging Markets Equity ETF by 8.9% in the 1st quarter. Telos Capital Management Inc. now owns 80,940 shares of the company’s stock valued at $6,522,000 after purchasing an additional 6,605 shares during the last quarter. Integrity Investment Advisors LLC increased its position in Avantis Emerging Markets Equity ETF by 56.6% during the fourth quarter. Integrity Investment Advisors LLC now owns 27,507 shares of the company’s stock worth $2,119,000 after buying an additional 9,942 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Avantis Emerging Markets Equity ETF by 10.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,198,370 shares of the company’s stock worth $169,318,000 after buying an additional 207,339 shares during the last quarter. Stonebrook Private Inc. acquired a new position in Avantis Emerging Markets Equity ETF during the fourth quarter worth $8,112,000. Finally, Avidian Wealth Enterprises LLC raised its holdings in Avantis Emerging Markets Equity ETF by 78.1% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 14,752 shares of the company’s stock valued at $1,136,000 after buying an additional 6,467 shares in the last quarter.

Avantis Emerging Markets Equity ETF Company Profile

The Avantis Emerging Markets Equity ETF (AVEM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.