Avantis Emerging Markets Small Cap Equity ETF (NYSEARCA:AVEE) Sees Large Growth in Short Interest

Avantis Emerging Markets Small Cap Equity ETF (NYSEARCA:AVEE) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 49,734 shares, a growth of 141.0% from the June 30th total of 20,636 shares. Approximately 2.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,931 shares, the days-to-cover ratio is presently 4.2 days.

Avantis Emerging Markets Small Cap Equity ETF Trading Up 0.1%

NYSEARCA:AVEE opened at $65.02 on Tuesday. The company’s 50-day moving average price is $69.00 and its 200-day moving average price is $67.49. The company has a market cap of $117.04 million, a P/E ratio of 13.82 and a beta of 0.65. Avantis Emerging Markets Small Cap Equity ETF has a twelve month low of $59.88 and a twelve month high of $72.93.

Institutional Investors Weigh In On Avantis Emerging Markets Small Cap Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vista Capital Partners Inc. acquired a new stake in Avantis Emerging Markets Small Cap Equity ETF in the 2nd quarter valued at approximately $1,617,000. ERn Financial LLC boosted its position in shares of Avantis Emerging Markets Small Cap Equity ETF by 11.5% during the fourth quarter. ERn Financial LLC now owns 10,189 shares of the company’s stock worth $636,000 after buying an additional 1,050 shares during the period. Lam Group Inc. grew its stake in shares of Avantis Emerging Markets Small Cap Equity ETF by 5.1% in the fourth quarter. Lam Group Inc. now owns 8,840 shares of the company’s stock valued at $552,000 after buying an additional 430 shares in the last quarter. Index Fund Advisors Inc. grew its stake in shares of Avantis Emerging Markets Small Cap Equity ETF by 21.8% in the fourth quarter. Index Fund Advisors Inc. now owns 107,357 shares of the company’s stock valued at $6,700,000 after buying an additional 19,226 shares in the last quarter. Finally, Cypress Point Wealth Management LLC raised its holdings in shares of Avantis Emerging Markets Small Cap Equity ETF by 47.8% in the 4th quarter. Cypress Point Wealth Management LLC now owns 13,465 shares of the company’s stock valued at $840,000 after buying an additional 4,352 shares during the period.

About Avantis Emerging Markets Small Cap Equity ETF

The Avantis Emerging Markets Small Cap Equity ETF (AVEE) is an exchange-traded fund that mostly invests in small-cap stocks. The fund seeks long-term capital appreciation through an actively managed portfolio of small-cap companies in the emerging market equity space, selected based on fundamental criteria. AVEE was launched on Nov 7, 2023 and is issued by American Century Investments.