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

Avantis Emerging Markets Value ETF (NYSEARCA:AVES) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 205,936 shares, a growth of 117.7% from the September 30th total of 94,575 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 70,828 shares, the days-to-cover ratio is presently 2.9 days.

Avantis Emerging Markets Value ETF Price Performance

Avantis Emerging Markets Value ETF stock traded down $1.04 during mid-day trading on Friday, reaching $60.37. 149,947 shares of the company were exchanged, compared to its average volume of 114,588. The firm has a market cap of $1.47 billion, a PE ratio of 10.65 and a beta of 0.71. The company has a fifty day simple moving average of $64.97 and a 200-day simple moving average of $64.32. Avantis Emerging Markets Value ETF has a 12 month low of $56.10 and a 12 month high of $69.06.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Summit Portfolio Management LTD. acquired a new stake in shares of Avantis Emerging Markets Value ETF during the 1st quarter worth approximately $6,538,000. Bank of America Corp DE increased its stake in Avantis Emerging Markets Value ETF by 297.7% in the first quarter. Bank of America Corp DE now owns 123,381 shares of the company’s stock valued at $7,400,000 after acquiring an additional 92,356 shares during the last quarter. EJMK Ventures LLC raised its position in Avantis Emerging Markets Value ETF by 108.5% during the first quarter. EJMK Ventures LLC now owns 66,619 shares of the company’s stock valued at $3,996,000 after purchasing an additional 34,671 shares in the last quarter. Fidelity D & D Bancorp Inc. raised its position in Avantis Emerging Markets Value ETF by 16.9% during the first quarter. Fidelity D & D Bancorp Inc. now owns 184,571 shares of the company’s stock valued at $11,071,000 after purchasing an additional 26,744 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in Avantis Emerging Markets Value ETF by 2.8% during the first quarter. Empowered Funds LLC now owns 713,801 shares of the company’s stock worth $42,814,000 after purchasing an additional 19,661 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.