Avantis Real Estate ETF (NYSEARCA:AVRE – Get Free Report) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 171,720 shares, an increase of 68.7% from the June 30th total of 101,797 shares. Based on an average daily volume of 52,480 shares, the short-interest ratio is presently 3.3 days. Currently, 1.0% of the shares of the stock are short sold.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in AVRE. Empowered Funds LLC bought a new stake in Avantis Real Estate ETF during the 4th quarter worth approximately $50,048,000. Sequoia Financial Advisors LLC increased its position in Avantis Real Estate ETF by 169.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 987,667 shares of the company’s stock valued at $43,477,000 after acquiring an additional 620,655 shares during the period. Financial Plan Inc. bought a new position in shares of Avantis Real Estate ETF during the fourth quarter valued at $26,155,000. Axxcess Wealth Management LLC raised its stake in shares of Avantis Real Estate ETF by 302.0% during the fourth quarter. Axxcess Wealth Management LLC now owns 97,710 shares of the company’s stock valued at $4,253,000 after acquiring an additional 73,405 shares during the last quarter. Finally, Networth Advisors LLC acquired a new position in shares of Avantis Real Estate ETF during the fourth quarter worth $2,851,000.
Avantis Real Estate ETF Trading Down 0.4%
Shares of AVRE stock opened at $49.07 on Friday. The business’s 50-day moving average price is $47.89 and its 200-day moving average price is $46.66. Avantis Real Estate ETF has a 12 month low of $42.98 and a 12 month high of $49.72. The firm has a market capitalization of $878.35 million, a price-to-earnings ratio of 28.60 and a beta of 0.90.
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.
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