Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sees Significant Increase in Short Interest

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 4,058,684 shares, an increase of 135.1% from the September 30th total of 1,726,583 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average daily volume of 1,710,744 shares, the short-interest ratio is currently 2.4 days.

Avantis Emerging Markets Equity ETF Stock Down 3.3%

NYSEARCA:AVEM traded down $2.94 during trading hours on Friday, hitting $85.47. 1,957,295 shares of the company’s stock traded hands, compared to its average volume of 1,918,244. Avantis Emerging Markets Equity ETF has a 52 week low of $73.79 and a 52 week high of $100.83. The business’s fifty day simple moving average is $93.24 and its two-hundred day simple moving average is $89.98. The firm has a market cap of $26.31 billion, a P/E ratio of 12.66 and a beta of 0.75.

Institutional Trading of Avantis Emerging Markets Equity ETF

Several hedge funds have recently modified their holdings of the company. Legacy CG LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 5.7% during the 3rd quarter. Legacy CG LLC now owns 133,433 shares of the company’s stock valued at $12,545,000 after acquiring an additional 7,240 shares during the period. Bauman Advisory Group LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 7.2% during the third quarter. Bauman Advisory Group LLC now owns 63,705 shares of the company’s stock worth $5,990,000 after purchasing an additional 4,281 shares during the period. Peck Wealth Management LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF in the third quarter worth about $157,000. Elevate Wealth Advisory Inc. raised its holdings in shares of Avantis Emerging Markets Equity ETF by 131.2% during the third quarter. Elevate Wealth Advisory Inc. now owns 11,576 shares of the company’s stock valued at $1,088,000 after acquiring an additional 6,568 shares during the last quarter. Finally, Torren Management LLC grew its holdings in shares of Avantis Emerging Markets Equity ETF by 0.8% in the third quarter. Torren Management LLC now owns 121,894 shares of the company’s stock valued at $11,460,000 after purchasing an additional 961 shares during the period.

Avantis Emerging Markets Equity ETF Company Profile

The Avantis Emerging Markets Equity ETF (AVEM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.