Avantis Real Estate ETF (NYSEARCA:AVRE) Sees Large Drop in Short Interest

Avantis Real Estate ETF (NYSEARCA:AVRE) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 21,974 shares, a decline of 94.4% from the August 31st total of 393,491 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 71,390 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Avantis Real Estate ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC grew its position in shares of Avantis Real Estate ETF by 169.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 987,667 shares of the company’s stock valued at $43,477,000 after purchasing an additional 620,655 shares in the last quarter. Financial Plan Inc. boosted its stake in Avantis Real Estate ETF by 18.6% during the first quarter. Financial Plan Inc. now owns 712,325 shares of the company’s stock valued at $31,357,000 after buying an additional 111,473 shares during the period. Empowered Funds LLC grew its position in Avantis Real Estate ETF by 7.6% during the first quarter. Empowered Funds LLC now owns 1,237,572 shares of the company’s stock worth $54,478,000 after buying an additional 87,835 shares in the last quarter. marrick wealth LLC purchased a new position in Avantis Real Estate ETF during the fourth quarter worth about $2,206,000. Finally, Rockwood Wealth Management LLC bought a new position in Avantis Real Estate ETF in the 1st quarter worth about $1,414,000.

Avantis Real Estate ETF Price Performance

Shares of AVRE traded down $0.10 during midday trading on Thursday, hitting $44.91. 72,985 shares of the company traded hands, compared to its average volume of 63,420. Avantis Real Estate ETF has a one year low of $42.98 and a one year high of $49.72. The firm has a market cap of $857.78 million, a P/E ratio of 28.60 and a beta of 0.89. The stock has a 50-day moving average of $47.66 and a 200-day moving average of $47.09.

Avantis Real Estate ETF Company Profile

The Avantis Real Estate ETF (AVRE) is an exchange-traded fund that is based on the S&P Global REIT index. The fund is an actively managed fund that provides broad exposure to real estate securities around the world. AVRE was launched on Sep 28, 2021 and is managed by American Century Investments.