Avantis International Equity ETF (NYSEARCA:AVDE) Short Interest Up 94.7% in June

Avantis International Equity ETF (NYSEARCA:AVDE) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 937,001 shares, an increase of 94.7% from the June 15th total of 481,297 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 968,783 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of Avantis International Equity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in AVDE. Align Financial LLC acquired a new stake in shares of Avantis International Equity ETF during the 4th quarter worth approximately $1,117,525,000. Corient Private Wealth LLC raised its position in Avantis International Equity ETF by 61.5% during the fourth quarter. Corient Private Wealth LLC now owns 5,824,926 shares of the company’s stock valued at $479,508,000 after purchasing an additional 2,219,229 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Avantis International Equity ETF by 4.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,102,049 shares of the company’s stock worth $429,545,000 after purchasing an additional 206,717 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Avantis International Equity ETF by 32.4% in the 1st quarter. Bank of America Corp DE now owns 4,003,424 shares of the company’s stock valued at $339,650,000 after purchasing an additional 979,961 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of Avantis International Equity ETF by 41.7% in the 4th quarter. LPL Financial LLC now owns 3,266,571 shares of the company’s stock valued at $268,904,000 after purchasing an additional 961,586 shares in the last quarter.

Avantis International Equity ETF Price Performance

AVDE stock traded down $0.88 during midday trading on Thursday, reaching $89.73. The company had a trading volume of 689,816 shares, compared to its average volume of 1,176,696. The company has a market capitalization of $17.53 billion, a price-to-earnings ratio of 14.71 and a beta of 0.78. The stock has a 50 day moving average price of $90.12 and a 200-day moving average price of $88.21. Avantis International Equity ETF has a 1-year low of $72.79 and a 1-year high of $92.60.

Avantis International Equity ETF Company Profile

The Avantis International Equity ETF (AVDE) is an exchange-traded fund that is based on the MSCI WORLD EX USA IMI INDEX index. The fund is an actively managed portfolio of non-US companies from developed markets, of all market capitalizations, focusing on smaller, value companies. AVDE was launched on Sep 24, 2019 and is managed by American Century Investments.