Avantis International Small Cap Equity ETF (NYSEARCA:AVDS) Sees Large Increase in Short Interest

Avantis International Small Cap Equity ETF (NYSEARCA:AVDS) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 94,025 shares, a growth of 208.7% from the August 31st total of 30,456 shares. Based on an average daily trading volume, of 19,905 shares, the short-interest ratio is presently 4.7 days. Currently, 2.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Avantis International Small Cap Equity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of AVDS. Hardin Capital Partners LLC lifted its stake in Avantis International Small Cap Equity ETF by 7.8% during the second quarter. Hardin Capital Partners LLC now owns 3,109 shares of the company’s stock worth $234,000 after purchasing an additional 225 shares during the last quarter. Tillman Hartley LLC lifted its position in Avantis International Small Cap Equity ETF by 21.3% in the 4th quarter. Tillman Hartley LLC now owns 3,626 shares of the company’s stock worth $253,000 after buying an additional 637 shares during the last quarter. B&D White Capital Company LLC purchased a new stake in Avantis International Small Cap Equity ETF in the fourth quarter worth approximately $266,000. Factor Wealth Management LTD boosted its stake in Avantis International Small Cap Equity ETF by 5.2% in the first quarter. Factor Wealth Management LTD now owns 3,938 shares of the company’s stock worth $283,000 after buying an additional 195 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its position in Avantis International Small Cap Equity ETF by 198.8% during the first quarter. Kestra Advisory Services LLC now owns 4,195 shares of the company’s stock valued at $301,000 after acquiring an additional 2,791 shares during the last quarter.

Avantis International Small Cap Equity ETF Price Performance

Shares of AVDS traded up $0.57 during midday trading on Friday, hitting $79.13. 16,387 shares of the company traded hands, compared to its average volume of 28,502. The stock has a 50-day moving average of $78.88 and a 200-day moving average of $76.88. Avantis International Small Cap Equity ETF has a one year low of $64.71 and a one year high of $81.32. The firm has a market cap of $356.08 million, a P/E ratio of 13.68 and a beta of 0.73.

About Avantis International Small Cap Equity ETF

The Avantis International Small Cap Equity ETF (AVDS) 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 stocks outside the US. AVDS was launched on Jul 18, 2023 and is issued by American Century Investments.