Avantis Responsible International Equity ETF (NYSEARCA:AVSD) Sees Large Drop in Short Interest

Avantis Responsible International Equity ETF (NYSEARCA:AVSD) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 13,600 shares, a drop of 71.7% from the June 15th total of 47,983 shares. Based on an average daily trading volume, of 6,685 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.2% of the shares of the company are sold short.

Avantis Responsible International Equity ETF Stock Performance

Shares of Avantis Responsible International Equity ETF stock traded up $0.39 during trading on Friday, reaching $80.51. The company’s stock had a trading volume of 4,698 shares, compared to its average volume of 12,813. The firm has a market cap of $483.06 million, a price-to-earnings ratio of 15.41 and a beta of 0.83. The business’s fifty day moving average price is $79.70 and its 200-day moving average price is $77.85. Avantis Responsible International Equity ETF has a one year low of $66.27 and a one year high of $81.52.

Hedge Funds Weigh In On Avantis Responsible International Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Highland Financial Advisors LLC increased its stake in Avantis Responsible International Equity ETF by 193.0% in the second quarter. Highland Financial Advisors LLC now owns 80,278 shares of the company’s stock valued at $6,413,000 after acquiring an additional 52,882 shares during the period. Evanson Financial LLC acquired a new stake in shares of Avantis Responsible International Equity ETF during the 2nd quarter worth about $330,000. Dynamic Advisor Solutions LLC lifted its holdings in Avantis Responsible International Equity ETF by 6.7% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 9,952 shares of the company’s stock valued at $795,000 after purchasing an additional 623 shares during the last quarter. NewEdge Advisors LLC acquired a new position in Avantis Responsible International Equity ETF in the first quarter valued at about $2,325,000. Finally, GTS Financial LLC acquired a new position in Avantis Responsible International Equity ETF in the first quarter valued at about $429,000.

Avantis Responsible International Equity ETF Company Profile

The Avantis Responsible International Equity ETF (AVSD) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in companies of all market capitalizations in developed markets outside of the US. Holdings are screened for multiple ESG metrics and selected based on fundamental criteria AVSD was launched on Mar 15, 2022 and is managed by American Century Investments.