Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Short Interest Down 53.7% in February

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) was the target of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 677,216 shares, a decrease of 53.7% from the January 29th total of 1,461,500 shares. Based on an average daily trading volume, of 1,946,534 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the company’s stock are short sold. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 1,946,534 shares, the days-to-cover ratio is currently 0.3 days.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:AVEM traded down $0.24 during trading on Friday, reaching $88.61. 449,222 shares of the stock were exchanged, compared to its average volume of 2,028,504. The firm has a market cap of $19.58 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. The stock has a fifty day moving average of $82.35 and a two-hundred day moving average of $77.59. Avantis Emerging Markets Equity ETF has a 1-year low of $52.52 and a 1-year high of $89.75.

Hedge Funds Weigh In On Avantis Emerging Markets Equity ETF

A number of hedge funds have recently added to or reduced their stakes in AVEM. 46 Peaks LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at approximately $4,767,000. Capstone Wealth Management Inc. bought a new position in Avantis Emerging Markets Equity ETF during the 4th quarter valued at $1,584,000. Professional Financial Solutions LLC ADV purchased a new position in Avantis Emerging Markets Equity ETF during the 4th quarter worth $352,000. WealthPoint Financial LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF in the 4th quarter worth $1,639,000. Finally, Compound Planning Inc. grew its position in Avantis Emerging Markets Equity ETF by 44.2% in the 4th quarter. Compound Planning Inc. now owns 369,300 shares of the company’s stock worth $28,443,000 after purchasing an additional 113,121 shares in the last quarter.

Avantis Emerging Markets Equity ETF Company Profile

The Avantis Emerging Markets Equity ETF (AVEM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.