Avantis Emerging Markets Value ETF (NYSEARCA:AVES) Sees Significant Decline in Short Interest

Avantis Emerging Markets Value ETF (NYSEARCA:AVES) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 28,198 shares, a decline of 93.6% from the August 31st total of 439,145 shares. Based on an average daily trading volume, of 88,638 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Avantis Emerging Markets Value ETF Price Performance

NYSEARCA:AVES traded down $0.41 during midday trading on Thursday, reaching $64.88. The stock had a trading volume of 55,943 shares, compared to its average volume of 117,740. Avantis Emerging Markets Value ETF has a 1-year low of $55.31 and a 1-year high of $69.06. The firm’s fifty day simple moving average is $65.05 and its 200-day simple moving average is $64.64. The stock has a market capitalization of $1.55 billion, a P/E ratio of 10.65 and a beta of 0.71.

Institutional Investors Weigh In On Avantis Emerging Markets Value ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Signature Equity Partners LLC acquired a new position in shares of Avantis Emerging Markets Value ETF during the 1st quarter worth about $47,000. EverSource Wealth Advisors LLC increased its position in Avantis Emerging Markets Value ETF by 895.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the company’s stock worth $64,000 after buying an additional 967 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Avantis Emerging Markets Value ETF by 3,124.2% during the first quarter. Fifth Third Bancorp now owns 1,999 shares of the company’s stock worth $120,000 after buying an additional 1,937 shares during the last quarter. Sage Rhino Capital LLC acquired a new position in shares of Avantis Emerging Markets Value ETF during the first quarter worth approximately $201,000. Finally, Evanson Financial LLC bought a new stake in shares of Avantis Emerging Markets Value ETF in the second quarter valued at approximately $221,000.

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.