Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sees Significant Growth in Short Interest

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 1,726,583 shares, an increase of 120.3% from the September 15th total of 783,850 shares. Based on an average daily trading volume, of 1,843,467 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the shares of the company are sold short.

Avantis Emerging Markets Equity ETF Stock Down 0.8%

Shares of AVEM opened at $92.52 on Tuesday. The company has a 50-day moving average price of $94.25 and a two-hundred day moving average price of $92.31. Avantis Emerging Markets Equity ETF has a 12 month low of $73.79 and a 12 month high of $100.83. The stock has a market cap of $27.97 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75.

Institutional Investors Weigh In On Avantis Emerging Markets Equity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in Avantis Emerging Markets Equity ETF by 45.1% in the first quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock worth $2,310,765,000 after purchasing an additional 8,908,264 shares during the period. Align Financial LLC acquired a new position in Avantis Emerging Markets Equity ETF in the fourth quarter valued at about $528,227,000. Maseco LLP acquired a new stake in Avantis Emerging Markets Equity ETF during the 1st quarter worth approximately $93,504,000. Parallel Advisors LLC boosted its stake in Avantis Emerging Markets Equity ETF by 1,654.5% in the 1st quarter. Parallel Advisors LLC now owns 760,155 shares of the company’s stock worth $61,253,000 after purchasing an additional 716,830 shares during the period. Finally, Atwood & Palmer Inc. bought a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth approximately $64,229,000.

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.