Avantis Emerging Markets Value ETF (NYSEARCA:AVES) Sees Large Growth in Short Interest

Avantis Emerging Markets Value ETF (NYSEARCA:AVES) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 530,108 shares, a growth of 399.4% from the January 29th total of 106,149 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average daily volume of 105,313 shares, the days-to-cover ratio is currently 5.0 days. Based on an average daily volume of 105,313 shares, the days-to-cover ratio is currently 5.0 days. Currently, 2.9% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AVES. Strategic Blueprint LLC raised its position in Avantis Emerging Markets Value ETF by 0.4% during the third quarter. Strategic Blueprint LLC now owns 50,728 shares of the company’s stock valued at $2,910,000 after purchasing an additional 186 shares in the last quarter. Comprehensive Money Management Services LLC increased its position in shares of Avantis Emerging Markets Value ETF by 2.5% during the 4th quarter. Comprehensive Money Management Services LLC now owns 8,500 shares of the company’s stock valued at $496,000 after purchasing an additional 205 shares during the last quarter. Lam Group Inc. raised its holdings in shares of Avantis Emerging Markets Value ETF by 3.0% during the 3rd quarter. Lam Group Inc. now owns 10,345 shares of the company’s stock valued at $593,000 after buying an additional 300 shares in the last quarter. Capital Investment Advisory Services LLC lifted its position in Avantis Emerging Markets Value ETF by 1.6% in the 4th quarter. Capital Investment Advisory Services LLC now owns 19,441 shares of the company’s stock worth $1,134,000 after buying an additional 311 shares during the last quarter. Finally, Enzi Wealth lifted its position in Avantis Emerging Markets Value ETF by 0.3% in the 3rd quarter. Enzi Wealth now owns 103,107 shares of the company’s stock worth $5,934,000 after buying an additional 315 shares during the last quarter.

Avantis Emerging Markets Value ETF Price Performance

AVES stock traded down $0.15 during midday trading on Friday, reaching $66.16. The company had a trading volume of 82,839 shares, compared to its average volume of 195,550. The firm has a 50-day moving average price of $62.08 and a 200-day moving average price of $58.95. The company has a market capitalization of $1.20 billion, a P/E ratio of 10.65 and a beta of 0.66. Avantis Emerging Markets Value ETF has a 1 year low of $41.68 and a 1 year high of $67.01.

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.