Short Interest in Avantis Real Estate ETF (NYSEARCA:AVRE) Grows By 81.1%

Avantis Real Estate ETF (NYSEARCA:AVRE) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 159,825 shares, a growth of 81.1% from the May 14th total of 88,236 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 69,276 shares, the days-to-cover ratio is presently 2.3 days.

Hedge Funds Weigh In On Avantis Real Estate ETF

A number of institutional investors have recently added to or reduced their stakes in AVRE. AQR Capital Management LLC increased its position in Avantis Real Estate ETF by 38.9% during the 1st quarter. AQR Capital Management LLC now owns 29,597 shares of the company’s stock worth $1,273,000 after purchasing an additional 8,289 shares in the last quarter. Sentinel Wealth Management Inc. acquired a new position in Avantis Real Estate ETF during the 2nd quarter worth approximately $2,687,000. MML Investors Services LLC increased its position in Avantis Real Estate ETF by 13.4% during the 2nd quarter. MML Investors Services LLC now owns 61,291 shares of the company’s stock worth $2,707,000 after purchasing an additional 7,226 shares in the last quarter. North Ridge Wealth Advisors Inc. increased its position in Avantis Real Estate ETF by 0.3% during the 2nd quarter. North Ridge Wealth Advisors Inc. now owns 103,133 shares of the company’s stock worth $4,554,000 after purchasing an additional 301 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Avantis Real Estate ETF by 17.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 210,300 shares of the company’s stock worth $9,354,000 after purchasing an additional 31,073 shares in the last quarter.

Avantis Real Estate ETF Stock Down 0.1%

Shares of NYSEARCA:AVRE traded down $0.04 during midday trading on Monday, hitting $47.93. The stock had a trading volume of 52,922 shares, compared to its average volume of 62,321. The company’s 50-day moving average price is $47.11 and its 200-day moving average price is $45.63. The company has a market capitalization of $805.22 million, a P/E ratio of 28.60 and a beta of 0.90. Avantis Real Estate ETF has a fifty-two week low of $42.98 and a fifty-two week high of $48.34.

Avantis Real Estate ETF Company Profile

The Avantis Real Estate ETF (AVRE) is an exchange-traded fund that is based on the S&P Global REIT index. The fund is an actively managed fund that provides broad exposure to real estate securities around the world. AVRE was launched on Sep 28, 2021 and is managed by American Century Investments.