Avantis Real Estate ETF (NYSEARCA:AVRE) Short Interest Update

Avantis Real Estate ETF (NYSEARCA:AVRE) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 101,797 shares, a decline of 41.9% from the June 15th total of 175,264 shares. Based on an average daily trading volume, of 54,851 shares, the short-interest ratio is presently 1.9 days. Approximately 0.6% of the company’s stock are short sold.

Avantis Real Estate ETF Stock Performance

NYSEARCA:AVRE traded up $0.08 during mid-day trading on Friday, hitting $48.93. 58,075 shares of the company’s stock traded hands, compared to its average volume of 61,231. The company has a fifty day moving average of $47.58 and a 200 day moving average of $46.29. The company has a market capitalization of $875.85 million, a P/E ratio of 28.60 and a beta of 0.90. Avantis Real Estate ETF has a twelve month low of $42.98 and a twelve month high of $49.29.

Institutional Trading of Avantis Real Estate ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its holdings in shares of Avantis Real Estate ETF by 7.6% in the 1st quarter. Empowered Funds LLC now owns 1,237,572 shares of the company’s stock valued at $54,478,000 after acquiring an additional 87,835 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Avantis Real Estate ETF by 169.1% during the first quarter. Sequoia Financial Advisors LLC now owns 987,667 shares of the company’s stock worth $43,477,000 after purchasing an additional 620,655 shares in the last quarter. Financial Plan Inc. grew its stake in Avantis Real Estate ETF by 18.6% in the 1st quarter. Financial Plan Inc. now owns 712,325 shares of the company’s stock valued at $31,357,000 after acquiring an additional 111,473 shares during the period. Quantum Financial Advisors LLC increased its stake in shares of Avantis Real Estate ETF by 7.3% during the second quarter. Quantum Financial Advisors LLC now owns 455,253 shares of the company’s stock worth $21,570,000 after purchasing an additional 31,011 shares in the last quarter. Finally, ShankerValleau Wealth Advisors Inc. increased its stake in Avantis Real Estate ETF by 2.8% during the 2nd quarter. ShankerValleau Wealth Advisors Inc. now owns 384,164 shares of the company’s stock worth $18,202,000 after buying an additional 10,520 shares in the last quarter.

About Avantis Real Estate ETF

The Avantis Real Estate ETF (AVRE) is an exchange-traded fund that is based on the S&P Global REIT index. The fund is an actively managed fund that provides broad exposure to real estate securities around the world. AVRE was launched on Sep 28, 2021 and is managed by American Century Investments.