Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sees Large Increase in Short Interest

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 1,726,583 shares, a growth of 120.3% from the September 15th total of 783,850 shares. Based on an average daily volume of 1,843,467 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.6% of the company’s stock are sold short.

Hedge Funds Weigh In On Avantis Emerging Markets Equity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Winch Advisory Services LLC purchased a new position in Avantis Emerging Markets Equity ETF in the first quarter valued at about $26,000. JFS Wealth Advisors LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 67.3% during the 2nd quarter. JFS Wealth Advisors LLC now owns 276 shares of the company’s stock valued at $27,000 after acquiring an additional 111 shares during the period. Glenmede Trust Co. NA acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 1st quarter valued at approximately $31,000. Investors Research Corp purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth approximately $39,000. Finally, First Community Trust NA boosted its stake in shares of Avantis Emerging Markets Equity ETF by 136.9% during the 2nd quarter. First Community Trust NA now owns 443 shares of the company’s stock worth $43,000 after acquiring an additional 256 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Down 1.9%

NYSEARCA AVEM traded down $1.80 during trading hours on Wednesday, hitting $91.02. 1,721,068 shares of the company were exchanged, compared to its average volume of 1,912,484. The company has a 50 day moving average of $94.26 and a two-hundred day moving average of $92.39. Avantis Emerging Markets Equity ETF has a 52-week low of $73.79 and a 52-week high of $100.83. The firm has a market cap of $27.52 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75.

Avantis Emerging Markets Equity ETF Company Profile

The Avantis Emerging Markets Equity ETF (AVEM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.