Avantis Real Estate ETF (NYSEARCA:AVRE) Sees Large Growth in Short Interest

Avantis Real Estate ETF (NYSEARCA:AVRE) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 38,015 shares, a growth of 37.0% from the December 15th total of 27,744 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 95,899 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 95,899 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

Avantis Real Estate ETF Price Performance

AVRE stock traded up $0.48 during midday trading on Friday, reaching $45.19. The company had a trading volume of 48,095 shares, compared to its average volume of 61,327. The firm has a 50-day moving average price of $43.91 and a 200-day moving average price of $44.23. The company has a market capitalization of $704.96 million, a P/E ratio of 28.60 and a beta of 0.93. Avantis Real Estate ETF has a 1 year low of $37.71 and a 1 year high of $45.43.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. W.H. Cornerstone Investments Inc. bought a new position in Avantis Real Estate ETF in the 3rd quarter valued at approximately $201,000. Tortoise Investment Management LLC lifted its holdings in shares of Avantis Real Estate ETF by 22.9% during the third quarter. Tortoise Investment Management LLC now owns 4,825 shares of the company’s stock valued at $215,000 after purchasing an additional 900 shares in the last quarter. Clune & Associates LTD. boosted its position in shares of Avantis Real Estate ETF by 5.5% during the second quarter. Clune & Associates LTD. now owns 4,985 shares of the company’s stock valued at $220,000 after buying an additional 262 shares during the last quarter. Curio Wealth LLC increased its holdings in Avantis Real Estate ETF by 48,318.2% in the 2nd quarter. Curio Wealth LLC now owns 5,326 shares of the company’s stock worth $235,000 after buying an additional 5,315 shares in the last quarter. Finally, FMB Wealth Management increased its holdings in Avantis Real Estate ETF by 10.1% in the 2nd quarter. FMB Wealth Management now owns 5,800 shares of the company’s stock worth $256,000 after buying an additional 533 shares in 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.