Short Interest in Avantis Emerging Markets Value ETF (NYSEARCA:AVES) Expands By 169.6%

Avantis Emerging Markets Value ETF (NYSEARCA:AVES) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 148,962 shares, a growth of 169.6% from the June 30th total of 55,251 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 104,452 shares, the short-interest ratio is currently 1.4 days.

Avantis Emerging Markets Value ETF Price Performance

AVES traded down $1.16 on Tuesday, reaching $61.97. 147,227 shares of the stock were exchanged, compared to its average volume of 125,423. The company’s 50-day moving average price is $65.59 and its 200 day moving average price is $63.97. The firm has a market capitalization of $1.41 billion, a PE ratio of 10.65 and a beta of 0.70. Avantis Emerging Markets Value ETF has a fifty-two week low of $53.43 and a fifty-two week high of $69.06.

Institutional Trading of Avantis Emerging Markets Value ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in AVES. Comerica Bank purchased a new stake in Avantis Emerging Markets Value ETF in the 4th quarter worth approximately $41,000. Signature Equity Partners LLC purchased a new position in Avantis Emerging Markets Value ETF in the first quarter valued at $47,000. EverSource Wealth Advisors LLC raised its position in shares of Avantis Emerging Markets Value ETF by 895.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the company’s stock worth $64,000 after acquiring an additional 967 shares during the period. Fifth Third Bancorp raised its holdings in Avantis Emerging Markets Value ETF by 3,124.2% in the 1st quarter. Fifth Third Bancorp now owns 1,999 shares of the company’s stock worth $120,000 after purchasing an additional 1,937 shares during the period. Finally, Royal Bank of Canada purchased a new position in shares of Avantis Emerging Markets Value ETF during the 4th quarter valued at approximately $136,000.

About Avantis Emerging Markets Value ETF

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.