Avantis All International Markets Equity ETF (NYSEARCA:AVNM) Sees Large Decrease in Short Interest

Avantis All International Markets Equity ETF (NYSEARCA:AVNM) was the recipient of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 88,476 shares, a drop of 42.5% from the January 29th total of 153,871 shares. Based on an average trading volume of 83,500 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.3% of the shares of the stock are sold short. Currently, 1.3% of the shares of the stock are sold short. Based on an average trading volume of 83,500 shares, the days-to-cover ratio is presently 1.1 days.

Avantis All International Markets Equity ETF Stock Performance

NYSEARCA:AVNM remained flat at $83.20 during trading hours on Friday. 112,569 shares of the company’s stock were exchanged, compared to its average volume of 66,061. The firm has a market cap of $557.44 million, a price-to-earnings ratio of 13.10 and a beta of 0.61. Avantis All International Markets Equity ETF has a 52 week low of $51.41 and a 52 week high of $83.61. The stock has a fifty day moving average of $78.00 and a 200-day moving average of $73.25.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its stake in Avantis All International Markets Equity ETF by 39.1% in the 4th quarter. Osaic Holdings Inc. now owns 42,908 shares of the company’s stock worth $3,155,000 after purchasing an additional 12,052 shares in the last quarter. Captrust Financial Advisors acquired a new position in Avantis All International Markets Equity ETF during the fourth quarter worth $1,528,000. Royal Bank of Canada grew its holdings in Avantis All International Markets Equity ETF by 167.9% in the 4th quarter. Royal Bank of Canada now owns 2,925 shares of the company’s stock valued at $215,000 after buying an additional 1,833 shares in the last quarter. B&D White Capital Company LLC increased its stake in shares of Avantis All International Markets Equity ETF by 0.3% in the 4th quarter. B&D White Capital Company LLC now owns 139,865 shares of the company’s stock worth $10,283,000 after acquiring an additional 359 shares during the last quarter. Finally, Altus Wealth Group LLC raised its holdings in shares of Avantis All International Markets Equity ETF by 0.9% during the 4th quarter. Altus Wealth Group LLC now owns 28,847 shares of the company’s stock worth $2,121,000 after acquiring an additional 258 shares during the period.

Avantis All International Markets Equity ETF Company Profile

The Avantis All International Markets Equity ETF (AVNM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in international equity portfolios, typically heavily weighted towards developed markets outside the US. It seeks long-term capital appreciation through securities with higher expected returns. AVNM was launched on Jun 27, 2023 and is managed by American Century Investments.