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

Avantis Emerging Markets Value ETF (NYSEARCA:AVES) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 28,198 shares, a decrease of 93.6% from the August 31st total of 439,145 shares. Based on an average daily volume of 88,638 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Avantis Emerging Markets Value ETF Stock Down 0.6%

NYSEARCA AVES traded down $0.41 during midday trading on Thursday, hitting $64.88. The company had a trading volume of 55,943 shares, compared to its average volume of 117,740. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 10.65 and a beta of 0.71. The firm has a fifty day simple moving average of $65.05 and a two-hundred day simple moving average of $64.64. Avantis Emerging Markets Value ETF has a fifty-two week low of $55.31 and a fifty-two week high of $69.06.

Institutional Investors Weigh In On Avantis Emerging Markets Value ETF

Hedge funds have recently made changes to their positions in the stock. Lam Group Inc. increased its stake in Avantis Emerging Markets Value ETF by 3.4% during the second quarter. Lam Group Inc. now owns 16,910 shares of the company’s stock valued at $1,109,000 after acquiring an additional 550 shares during the period. Bannerman Wealth Management Group LLC grew its holdings in shares of Avantis Emerging Markets Value ETF by 4.8% during the 2nd quarter. Bannerman Wealth Management Group LLC now owns 95,365 shares of the company’s stock worth $6,256,000 after purchasing an additional 4,348 shares in the last quarter. Evanson Financial LLC acquired a new stake in shares of Avantis Emerging Markets Value ETF during the 2nd quarter worth approximately $221,000. CoreCap Advisors LLC increased its position in shares of Avantis Emerging Markets Value ETF by 17.4% during the second quarter. CoreCap Advisors LLC now owns 17,710 shares of the company’s stock valued at $1,162,000 after purchasing an additional 2,631 shares during the period. Finally, Versant Capital Management Inc increased its position in shares of Avantis Emerging Markets Value ETF by 54.4% during the second quarter. Versant Capital Management Inc now owns 19,047 shares of the company’s stock valued at $1,250,000 after purchasing an additional 6,713 shares during the period.

Avantis Emerging Markets Value ETF Company Profile

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.