Short Interest in Avantis International Small Cap Equity ETF (NYSEARCA:AVDS) Declines By 55.9%

Avantis International Small Cap Equity ETF (NYSEARCA:AVDS) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 19,264 shares, a decline of 55.9% from the February 26th total of 43,709 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 31,081 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AVDS. Kestra Advisory Services LLC purchased a new position in shares of Avantis International Small Cap Equity ETF in the fourth quarter worth $98,000. Dogwood Wealth Management LLC purchased a new stake in Avantis International Small Cap Equity ETF during the 3rd quarter valued at $109,000. Tillman Hartley LLC bought a new stake in Avantis International Small Cap Equity ETF in the 3rd quarter worth $202,000. True North Advisors LLC bought a new stake in Avantis International Small Cap Equity ETF in the 4th quarter worth $211,000. Finally, Westwood Wealth Management purchased a new position in shares of Avantis International Small Cap Equity ETF in the fourth quarter valued at about $243,000.

Avantis International Small Cap Equity ETF Stock Down 1.7%

Shares of NYSEARCA AVDS traded down $1.20 during midday trading on Thursday, reaching $70.67. The company had a trading volume of 24,806 shares, compared to its average volume of 38,229. The stock has a market cap of $219.08 million, a PE ratio of 13.68 and a beta of 0.68. Avantis International Small Cap Equity ETF has a one year low of $48.00 and a one year high of $79.67. The firm’s fifty day moving average price is $75.28 and its 200-day moving average price is $70.64.

About Avantis International Small Cap Equity ETF

The Avantis International Small Cap Equity ETF (AVDS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund seeks long-term capital appreciation through an actively managed portfolio of small-cap stocks outside the US. AVDS was launched on Jul 18, 2023 and is issued by American Century Investments.