Short Interest in Avantis All International Markets Equity ETF (NYSEARCA:AVNM) Increases By 105.6%

Avantis All International Markets Equity ETF (NYSEARCA:AVNM) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 81,258 shares, a growth of 105.6% from the May 14th total of 39,531 shares. Based on an average daily volume of 46,466 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.1% of the shares of the company are short sold.

Avantis All International Markets Equity ETF Stock Performance

Shares of NYSEARCA:AVNM traded up $1.09 during trading hours on Monday, hitting $84.38. The stock had a trading volume of 16,704 shares, compared to its average volume of 63,511. The stock’s fifty day simple moving average is $82.05 and its 200 day simple moving average is $78.50. Avantis All International Markets Equity ETF has a 1-year low of $63.61 and a 1-year high of $85.29. The firm has a market capitalization of $641.29 million, a price-to-earnings ratio of 13.10 and a beta of 0.65.

Institutional Investors Weigh In On Avantis All International Markets Equity ETF

Large investors have recently made changes to their positions in the company. CWM LLC increased its stake in shares of Avantis All International Markets Equity ETF by 188.8% in the fourth quarter. CWM LLC now owns 335 shares of the company’s stock valued at $25,000 after purchasing an additional 219 shares during the period. Team Financial Group LLC bought a new position in shares of Avantis All International Markets Equity ETF in the first quarter valued at approximately $30,000. Allworth Financial LP bought a new position in shares of Avantis All International Markets Equity ETF in the fourth quarter valued at approximately $36,000. Global Retirement Partners LLC bought a new position in shares of Avantis All International Markets Equity ETF in the fourth quarter valued at approximately $99,000. Finally, Frankly Finances LLC bought a new position in shares of Avantis All International Markets Equity ETF in the fourth quarter valued at approximately $202,000.

About Avantis All International Markets Equity ETF

The Avantis All International Markets Equity ETF (AVNM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in international equity portfolios, typically heavily weighted towards developed markets outside the US. It seeks long-term capital appreciation through securities with higher expected returns. AVNM was launched on Jun 27, 2023 and is managed by American Century Investments.