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

Avantis Emerging Markets Value ETF (NYSEARCA:AVES) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 106,149 shares, a decrease of 15.4% from the January 15th total of 125,428 shares. Based on an average daily volume of 324,280 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.6% of the shares of the stock are sold short. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 324,280 shares, the days-to-cover ratio is presently 0.3 days.

Avantis Emerging Markets Value ETF Stock Performance

AVES opened at $64.68 on Monday. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 10.65 and a beta of 0.66. The company has a fifty day moving average of $60.51 and a 200 day moving average of $58.23. Avantis Emerging Markets Value ETF has a fifty-two week low of $41.68 and a fifty-two week high of $65.55.

Institutional Investors Weigh In On Avantis Emerging Markets Value ETF

Hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC boosted its stake in Avantis Emerging Markets Value ETF by 36.4% during the first quarter. AQR Capital Management LLC now owns 17,265 shares of the company’s stock valued at $814,000 after buying an additional 4,605 shares during the last quarter. Strategic Blueprint LLC increased its stake in Avantis Emerging Markets Value ETF by 6.8% in the 2nd quarter. Strategic Blueprint LLC now owns 50,542 shares of the company’s stock worth $2,706,000 after acquiring an additional 3,237 shares during the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in shares of Avantis Emerging Markets Value ETF by 150.5% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 249,449 shares of the company’s stock worth $13,357,000 after acquiring an additional 149,869 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Avantis Emerging Markets Value ETF by 7.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 220,831 shares of the company’s stock valued at $11,824,000 after acquiring an additional 15,024 shares during the last quarter. Finally, Red Lighthouse Investment Management LLC grew its holdings in shares of Avantis Emerging Markets Value ETF by 1.0% in the second quarter. Red Lighthouse Investment Management LLC now owns 217,778 shares of the company’s stock valued at $11,661,000 after purchasing an additional 2,108 shares in the last quarter.

Avantis Emerging Markets Value ETF Company Profile

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.