Avantis Emerging Markets Value ETF (NYSEARCA:AVES) Sees Large Growth in Short Interest

Avantis Emerging Markets Value ETF (NYSEARCA:AVES) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 205,936 shares, an increase of 117.7% from the September 30th total of 94,575 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 70,828 shares, the short-interest ratio is presently 2.9 days.

Avantis Emerging Markets Value ETF Trading Down 2.3%

NYSEARCA AVES traded down $1.43 during trading hours on Friday, reaching $59.98. The company’s stock had a trading volume of 108,192 shares, compared to its average volume of 114,329. The business has a 50-day simple moving average of $65.06 and a 200 day simple moving average of $64.32. The stock has a market cap of $1.46 billion, a PE ratio of 10.65 and a beta of 0.71. Avantis Emerging Markets Value ETF has a 52 week low of $56.10 and a 52 week high of $69.06.

Hedge Funds Weigh In On Avantis Emerging Markets Value ETF

Hedge funds have recently bought and sold shares of the company. Lam Group Inc. lifted its stake in shares of Avantis Emerging Markets Value ETF by 3.4% in the 2nd quarter. Lam Group Inc. now owns 16,910 shares of the company’s stock valued at $1,109,000 after purchasing an additional 550 shares during the period. Bannerman Wealth Management Group LLC grew its stake in Avantis Emerging Markets Value ETF by 4.8% during the 2nd quarter. Bannerman Wealth Management Group LLC now owns 95,365 shares of the company’s stock worth $6,256,000 after buying an additional 4,348 shares during the last quarter. Evanson Financial LLC acquired a new stake in shares of Avantis Emerging Markets Value ETF in the 2nd quarter worth approximately $221,000. CoreCap Advisors LLC lifted its position in Avantis Emerging Markets Value ETF by 17.4% during the second quarter. CoreCap Advisors LLC now owns 17,710 shares of the company’s stock worth $1,162,000 after buying an additional 2,631 shares during the period. Finally, Versant Capital Management Inc raised its stake in shares of Avantis Emerging Markets Value ETF by 54.4% in the 2nd quarter. Versant Capital Management Inc now owns 19,047 shares of the company’s stock valued at $1,250,000 after acquiring an additional 6,713 shares during the period.

Avantis Emerging Markets Value ETF Company Profile

The Avantis Emerging Markets Value ETF (AVES) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of emerging market equities with lower prices relative to their book values. AVES was launched on Sep 28, 2021 and is managed by American Century Investments.