Avantis Emerging Markets Value ETF (NYSEARCA:AVES) Sees Large Decrease in Short Interest

Avantis Emerging Markets Value ETF (NYSEARCA:AVES) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 55,251 shares, a decrease of 87.7% from the June 15th total of 447,461 shares. Based on an average daily volume of 108,948 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

Avantis Emerging Markets Value ETF Trading Up 1.3%

AVES stock traded up $0.86 during trading on Friday, hitting $65.63. 98,976 shares of the stock traded hands, compared to its average volume of 125,884. Avantis Emerging Markets Value ETF has a one year low of $53.43 and a one year high of $69.06. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 10.65 and a beta of 0.70. The company has a 50 day simple moving average of $66.29 and a 200 day simple moving average of $63.57.

Institutional Trading of Avantis Emerging Markets Value ETF

Hedge funds have recently modified their holdings of the company. Focus Partners Wealth grew its position in Avantis Emerging Markets Value ETF by 5.7% during the 3rd quarter. Focus Partners Wealth now owns 800,470 shares of the company’s stock worth $45,923,000 after acquiring an additional 43,004 shares during the last quarter. Empowered Funds LLC raised its position in Avantis Emerging Markets Value ETF by 2.8% in the 1st quarter. Empowered Funds LLC now owns 713,801 shares of the company’s stock valued at $42,814,000 after purchasing an additional 19,661 shares during the last quarter. Symmetry Partners LLC boosted its stake in Avantis Emerging Markets Value ETF by 137.7% in the fourth quarter. Symmetry Partners LLC now owns 378,071 shares of the company’s stock worth $22,045,000 after purchasing an additional 218,989 shares in the last quarter. Armbruster Capital Management Inc. grew its holdings in shares of Avantis Emerging Markets Value ETF by 0.3% during the first quarter. Armbruster Capital Management Inc. now owns 348,389 shares of the company’s stock worth $20,896,000 after purchasing an additional 886 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Avantis Emerging Markets Value ETF by 497.1% during the second quarter. Jane Street Group LLC now owns 301,100 shares of the company’s stock worth $16,122,000 after purchasing an additional 250,674 shares during the last quarter.

About Avantis Emerging Markets Value ETF

The Avantis Emerging Markets Value ETF (AVES) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of emerging market equities with lower prices relative to their book values. AVES was launched on Sep 28, 2021 and is managed by American Century Investments.