Avantis International Small Cap Equity ETF (NYSEARCA:AVDS) Sees Significant Drop in Short Interest

Avantis International Small Cap Equity ETF (NYSEARCA:AVDS) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 30,456 shares, a drop of 59.7% from the August 15th total of 75,583 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 18,745 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On Avantis International Small Cap Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cornerstone Wealth Partners LLC acquired a new stake in shares of Avantis International Small Cap Equity ETF in the fourth quarter valued at about $4,835,000. Evanson Financial LLC purchased a new position in shares of Avantis International Small Cap Equity ETF in the second quarter worth about $1,299,000. True North Advisors LLC boosted its position in Avantis International Small Cap Equity ETF by 13,422.0% during the first quarter. True North Advisors LLC now owns 409,040 shares of the company’s stock worth $29,390,000 after acquiring an additional 406,015 shares during the last quarter. Endeavor Private Wealth Inc. boosted its position in Avantis International Small Cap Equity ETF by 111.1% during the fourth quarter. Endeavor Private Wealth Inc. now owns 14,919 shares of the company’s stock worth $1,041,000 after acquiring an additional 7,853 shares during the last quarter. Finally, Colorado Capital Management Inc. grew its stake in Avantis International Small Cap Equity ETF by 6.2% during the 2nd quarter. Colorado Capital Management Inc. now owns 9,966 shares of the company’s stock valued at $750,000 after acquiring an additional 586 shares in the last quarter.

Avantis International Small Cap Equity ETF Stock Performance

Shares of NYSEARCA:AVDS traded down $0.42 during trading on Monday, reaching $79.11. The stock had a trading volume of 13,388 shares, compared to its average volume of 28,717. Avantis International Small Cap Equity ETF has a 1-year low of $64.71 and a 1-year high of $81.32. The stock has a market cap of $332.28 million, a PE ratio of 13.68 and a beta of 0.73. The business has a fifty day moving average price of $78.18 and a 200-day moving average price of $76.75.

Avantis International Small Cap Equity ETF Company Profile

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.