Avantis International Large Cap Value ETF (NYSEARCA:AVIV) Stock Short Interest Drops 72.8%

Avantis International Large Cap Value ETF (NYSEARCA:AVIV) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 93,528 shares, a drop of 72.8% from the August 31st total of 343,287 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 78,003 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AVIV. Longview Financial Advisors Inc. acquired a new stake in shares of Avantis International Large Cap Value ETF during the 1st quarter valued at about $64,000. Nemes Rush Group LLC increased its position in shares of Avantis International Large Cap Value ETF by 24.1% in the fourth quarter. Nemes Rush Group LLC now owns 5,144 shares of the company’s stock valued at $366,000 after buying an additional 999 shares in the last quarter. Root Financial Partners LLC increased its position in shares of Avantis International Large Cap Value ETF by 167,000.0% in the first quarter. Root Financial Partners LLC now owns 1,671 shares of the company’s stock valued at $125,000 after buying an additional 1,670 shares in the last quarter. Lam Group Inc. raised its stake in shares of Avantis International Large Cap Value ETF by 8.3% during the 2nd quarter. Lam Group Inc. now owns 33,345 shares of the company’s stock worth $2,582,000 after buying an additional 2,555 shares during the period. Finally, Mosaic Family Wealth Partners LLC acquired a new position in shares of Avantis International Large Cap Value ETF during the 1st quarter worth approximately $276,000. Institutional investors and hedge funds own 53.08% of the company’s stock.

Avantis International Large Cap Value ETF Stock Up 0.8%

Shares of NYSEARCA:AVIV traded up $0.67 during trading on Friday, hitting $81.29. 47,902 shares of the stock traded hands, compared to its average volume of 118,821. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 105.57 and a beta of 0.73. The company has a fifty day moving average price of $81.90 and a two-hundred day moving average price of $79.04. Avantis International Large Cap Value ETF has a 52-week low of $66.33 and a 52-week high of $83.94.

Avantis International Large Cap Value ETF Company Profile

The Avantis International Large Cap Value ETF (AVIV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund primarily investing in non-US developed market equities with lower prices relative to their book values. AVIV was launched on Sep 28, 2021 and is managed by American Century Investments.