Avantis International Equity ETF (NYSEARCA:AVDE) Sees Significant Growth in Short Interest

Avantis International Equity ETF (NYSEARCA:AVDE) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 1,360,654 shares, an increase of 220.4% from the November 30th total of 424,609 shares. Based on an average daily volume of 838,895 shares, the short-interest ratio is presently 1.6 days. Currently, 1.0% of the company’s stock are sold short. Currently, 1.0% of the company’s stock are sold short. Based on an average daily volume of 838,895 shares, the short-interest ratio is presently 1.6 days.

Avantis International Equity ETF Stock Up 0.1%

Shares of AVDE traded up $0.07 during mid-day trading on Friday, hitting $82.81. 635,128 shares of the company traded hands, compared to its average volume of 610,418. The company has a market capitalization of $10.81 billion, a PE ratio of 14.71 and a beta of 0.84. The business has a 50 day moving average of $80.39 and a 200 day moving average of $77.60. Avantis International Equity ETF has a 1-year low of $58.56 and a 1-year high of $82.86.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its holdings in Avantis International Equity ETF by 357.3% in the third quarter. Ameriprise Financial Inc. now owns 4,932,115 shares of the company’s stock valued at $388,855,000 after acquiring an additional 3,853,677 shares during the period. Vantagepoint Investment Advisers LLC purchased a new position in shares of Avantis International Equity ETF during the 3rd quarter valued at approximately $232,644,000. Envestnet Asset Management Inc. lifted its stake in shares of Avantis International Equity ETF by 140.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,068,689 shares of the company’s stock valued at $321,020,000 after purchasing an additional 2,377,932 shares during the period. PNC Financial Services Group Inc. increased its holdings in Avantis International Equity ETF by 345.0% in the third quarter. PNC Financial Services Group Inc. now owns 2,639,746 shares of the company’s stock valued at $208,276,000 after buying an additional 2,046,558 shares in the last quarter. Finally, Maseco LLP purchased a new stake in shares of Avantis International Equity ETF during the 2nd quarter worth about $129,140,000.

About Avantis International Equity ETF

The Avantis International Equity ETF (AVDE) is an exchange-traded fund that is based on the MSCI WORLD EX USA IMI INDEX index. The fund is an actively managed portfolio of non-US companies from developed markets, of all market capitalizations, focusing on smaller, value companies. AVDE was launched on Sep 24, 2019 and is managed by American Century Investments.