Avantis Real Estate ETF (NYSEARCA:AVRE) Stock Short Interest Drops 52.8%

Avantis Real Estate ETF (NYSEARCA:AVRE) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 22,099 shares, a drop of 52.8% from the September 30th total of 46,868 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 137,056 shares, the days-to-cover ratio is currently 0.2 days.

Avantis Real Estate ETF Trading Up 0.1%

Shares of AVRE traded up $0.05 on Friday, reaching $46.06. 46,017 shares of the company’s stock traded hands, compared to its average volume of 69,009. The stock’s 50 day simple moving average is $45.72 and its two-hundred day simple moving average is $46.57. The stock has a market cap of $884.35 million, a PE ratio of 28.60 and a beta of 0.89. Avantis Real Estate ETF has a 52-week low of $42.98 and a 52-week high of $49.72.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. PCG Wealth Advisors LLC raised its holdings in shares of Avantis Real Estate ETF by 0.7% during the 2nd quarter. PCG Wealth Advisors LLC now owns 34,818 shares of the company’s stock valued at $1,650,000 after buying an additional 257 shares in the last quarter. Avantax Planning Partners Inc. boosted its stake in Avantis Real Estate ETF by 4.2% in the first quarter. Avantax Planning Partners Inc. now owns 6,499 shares of the company’s stock worth $286,000 after buying an additional 264 shares in the last quarter. Torren Management LLC boosted its stake in Avantis Real Estate ETF by 7.7% in the first quarter. Torren Management LLC now owns 4,509 shares of the company’s stock worth $198,000 after buying an additional 323 shares in the last quarter. Cherry Tree Wealth Management LLC boosted its stake in Avantis Real Estate ETF by 79.1% in the second quarter. Cherry Tree Wealth Management LLC now owns 944 shares of the company’s stock worth $45,000 after buying an additional 417 shares in the last quarter. Finally, Valued Wealth Advisors LLC grew its position in Avantis Real Estate ETF by 0.7% during the first quarter. Valued Wealth Advisors LLC now owns 94,206 shares of the company’s stock valued at $4,147,000 after acquiring an additional 692 shares during the last quarter.

Avantis Real Estate ETF Company Profile

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.