Avantis International Small Cap Equity ETF (NYSEARCA:AVDS) Sees Large Decline in Short Interest

Avantis International Small Cap Equity ETF (NYSEARCA:AVDS) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 66,636 shares, a decrease of 72.7% from the May 14th total of 243,967 shares. Currently, 1.8% of the company’s shares are short sold. Based on an average trading volume of 18,666 shares, the days-to-cover ratio is currently 3.6 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AVDS. Kestra Advisory Services LLC acquired a new position in Avantis International Small Cap Equity ETF in the 4th quarter valued at approximately $98,000. Dogwood Wealth Management LLC acquired a new position in Avantis International Small Cap Equity ETF in the 3rd quarter valued at approximately $109,000. Tillman Hartley LLC acquired a new position in Avantis International Small Cap Equity ETF in the 3rd quarter valued at approximately $202,000. True North Advisors LLC acquired a new position in Avantis International Small Cap Equity ETF in the 4th quarter valued at approximately $211,000. Finally, Westwood Wealth Management acquired a new position in Avantis International Small Cap Equity ETF in the 4th quarter valued at approximately $243,000.

Avantis International Small Cap Equity ETF Stock Performance

Shares of NYSEARCA:AVDS traded up $0.54 during mid-day trading on Friday, hitting $76.90. The stock had a trading volume of 13,595 shares, compared to its average volume of 30,246. The company has a market cap of $284.53 million, a PE ratio of 13.68 and a beta of 0.71. Avantis International Small Cap Equity ETF has a 12-month low of $60.13 and a 12-month high of $80.21. The company’s 50 day moving average is $77.14 and its 200-day moving average is $74.29.

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.