Short Interest in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Declines By 67.4%

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 883,806 shares, a drop of 67.4% from the May 14th total of 2,710,244 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 2,627,359 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Winch Advisory Services LLC purchased a new position in Avantis Emerging Markets Equity ETF during the first quarter valued at approximately $26,000. Glenmede Trust Co. NA purchased a new position in Avantis Emerging Markets Equity ETF during the first quarter valued at approximately $31,000. Rothschild Investment LLC grew its position in Avantis Emerging Markets Equity ETF by 192.7% during the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock valued at $34,000 after purchasing an additional 289 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in Avantis Emerging Markets Equity ETF during the fourth quarter valued at approximately $36,000. Finally, Team Financial Group LLC grew its position in Avantis Emerging Markets Equity ETF by 184.2% during the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after purchasing an additional 361 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 0.4%

Shares of Avantis Emerging Markets Equity ETF stock traded up $0.40 during trading on Friday, hitting $95.72. The stock had a trading volume of 985,169 shares, compared to its average volume of 2,059,641. The stock has a 50 day simple moving average of $91.32 and a 200 day simple moving average of $84.62. The company has a market capitalization of $24.96 billion, a PE ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 1 year low of $66.19 and a 1 year high of $99.67.

About Avantis Emerging Markets Equity ETF

The Avantis Emerging Markets Equity ETF (AVEM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.