Avantis Real Estate ETF (NYSEARCA:AVRE) Short Interest Up 81.1% in May

Avantis Real Estate ETF (NYSEARCA:AVRE) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 159,825 shares, an increase of 81.1% from the May 14th total of 88,236 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily volume of 69,276 shares, the short-interest ratio is currently 2.3 days.

Avantis Real Estate ETF Trading Up 0.1%

Shares of AVRE traded up $0.07 during midday trading on Tuesday, hitting $47.84. 44,791 shares of the company’s stock traded hands, compared to its average volume of 62,557. The stock has a market capitalization of $803.71 million, a price-to-earnings ratio of 28.60 and a beta of 0.90. Avantis Real Estate ETF has a 1 year low of $42.98 and a 1 year high of $48.34. The firm’s fifty day moving average is $47.17 and its 200-day moving average is $45.65.

Institutional Investors Weigh In On Avantis Real Estate ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC lifted its holdings in shares of Avantis Real Estate ETF by 7.6% during the first quarter. Empowered Funds LLC now owns 1,237,572 shares of the company’s stock worth $54,478,000 after purchasing an additional 87,835 shares during the period. Quantinno Capital Management LP lifted its stake in Avantis Real Estate ETF by 30.4% during the 1st quarter. Quantinno Capital Management LP now owns 15,254 shares of the company’s stock valued at $671,000 after acquiring an additional 3,557 shares during the period. B&D White Capital Company LLC boosted its holdings in shares of Avantis Real Estate ETF by 14.8% in the 1st quarter. B&D White Capital Company LLC now owns 40,331 shares of the company’s stock valued at $1,775,000 after acquiring an additional 5,214 shares during the last quarter. Avantax Planning Partners Inc. increased its stake in shares of Avantis Real Estate ETF by 4.2% in the first quarter. Avantax Planning Partners Inc. now owns 6,499 shares of the company’s stock worth $286,000 after acquiring an additional 264 shares during the period. Finally, Chicago Partners Investment Group LLC increased its stake in shares of Avantis Real Estate ETF by 7.0% in the first quarter. Chicago Partners Investment Group LLC now owns 101,011 shares of the company’s stock worth $4,740,000 after acquiring an additional 6,623 shares during the period.

Avantis Real Estate ETF Company Profile

The Avantis Real Estate ETF (AVRE) is an exchange-traded fund that is based on the S&P Global REIT index. The fund is an actively managed fund that provides broad exposure to real estate securities around the world. AVRE was launched on Sep 28, 2021 and is managed by American Century Investments.