Avantis International Equity ETF (NYSEARCA:AVDE) Sees Significant Drop in Short Interest

Avantis International Equity ETF (NYSEARCA:AVDE) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 423,987 shares, a decrease of 74.9% from the December 31st total of 1,688,339 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 924,990 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 924,990 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the stock are sold short.

Avantis International Equity ETF Trading Down 1.6%

NYSEARCA AVDE traded down $1.37 on Friday, hitting $86.96. 1,382,627 shares of the company were exchanged, compared to its average volume of 1,171,693. Avantis International Equity ETF has a 1-year low of $58.56 and a 1-year high of $88.86. The firm has a 50 day moving average of $83.06 and a two-hundred day moving average of $79.49. The company has a market cap of $12.90 billion, a P/E ratio of 14.71 and a beta of 0.84.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Simplicity Wealth LLC boosted its holdings in Avantis International Equity ETF by 27.1% during the fourth quarter. Simplicity Wealth LLC now owns 616,085 shares of the company’s stock worth $50,716,000 after buying an additional 131,293 shares during the last quarter. First National Bank Sioux Falls increased its holdings in Avantis International Equity ETF by 1.5% during the 4th quarter. First National Bank Sioux Falls now owns 273,006 shares of the company’s stock worth $22,474,000 after purchasing an additional 3,948 shares in the last quarter. Strategic Blueprint LLC boosted its position in shares of Avantis International Equity ETF by 24.8% during the fourth quarter. Strategic Blueprint LLC now owns 359,717 shares of the company’s stock worth $29,612,000 after buying an additional 71,416 shares during the period. Wealthfront Advisers LLC boosted its position in Avantis International Equity ETF by 15.1% during the 4th quarter. Wealthfront Advisers LLC now owns 22,168 shares of the company’s stock worth $1,825,000 after acquiring an additional 2,905 shares during the last quarter. Finally, Torren Management LLC bought a new position in Avantis International Equity ETF in the fourth quarter valued at $28,964,000.

About Avantis International Equity ETF

The Avantis International Equity ETF (AVDE) is an exchange-traded fund that is based on the MSCI WORLD EX USA IMI INDEX index. The fund is an actively managed portfolio of non-US companies from developed markets, of all market capitalizations, focusing on smaller, value companies. AVDE was launched on Sep 24, 2019 and is managed by American Century Investments.