Avantis All International Markets Equity ETF (NYSEARCA:AVNM) Sees Large Increase in Short Interest

Avantis All International Markets Equity ETF (NYSEARCA:AVNM) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 81,258 shares, a growth of 105.6% from the May 14th total of 39,531 shares. Currently, 1.1% of the company’s shares are short sold. Based on an average daily volume of 46,466 shares, the days-to-cover ratio is currently 1.7 days.

Avantis All International Markets Equity ETF Stock Performance

Shares of NYSEARCA AVNM traded up $0.60 during trading hours on Friday, hitting $83.29. The company’s stock had a trading volume of 60,131 shares, compared to its average volume of 63,943. The stock has a market cap of $633.00 million, a price-to-earnings ratio of 13.10 and a beta of 0.65. Avantis All International Markets Equity ETF has a 12 month low of $63.61 and a 12 month high of $85.29. The business has a 50-day simple moving average of $82.05 and a 200-day simple moving average of $78.45.

Institutional Trading of Avantis All International Markets Equity ETF

Several large investors have recently modified their holdings of the business. Royal Bank of Canada grew its stake in shares of Avantis All International Markets Equity ETF by 137.5% in the first quarter. Royal Bank of Canada now owns 6,947 shares of the company’s stock worth $529,000 after purchasing an additional 4,022 shares during the last quarter. Acumen Wealth Advisors LLC bought a new stake in shares of Avantis All International Markets Equity ETF in the first quarter worth about $1,500,000. Team Financial Group LLC bought a new stake in shares of Avantis All International Markets Equity ETF in the first quarter worth about $30,000. Altus Wealth Group LLC boosted its position in Avantis All International Markets Equity ETF by 5.9% during the 1st quarter. Altus Wealth Group LLC now owns 30,545 shares of the company’s stock valued at $2,327,000 after acquiring an additional 1,698 shares in the last quarter. Finally, Kestra Private Wealth Services LLC boosted its position in Avantis All International Markets Equity ETF by 42.2% during the 1st quarter. Kestra Private Wealth Services LLC now owns 35,401 shares of the company’s stock valued at $2,697,000 after acquiring an additional 10,500 shares in the last quarter.

Avantis All International Markets Equity ETF Company Profile

The Avantis All International Markets Equity ETF (AVNM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in international equity portfolios, typically heavily weighted towards developed markets outside the US. It seeks long-term capital appreciation through securities with higher expected returns. AVNM was launched on Jun 27, 2023 and is managed by American Century Investments.