Short Interest in Avantis International Equity ETF (NYSEARCA:AVDE) Grows By 154.0%

Avantis International Equity ETF (NYSEARCA:AVDE) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 1,076,829 shares, an increase of 154.0% from the January 15th total of 423,987 shares. Based on an average daily volume of 1,470,846 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.7% of the company’s stock are sold short. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 1,470,846 shares, the days-to-cover ratio is currently 0.7 days.

Avantis International Equity ETF Price Performance

Shares of AVDE stock traded down $0.92 on Thursday, hitting $90.34. The company’s stock had a trading volume of 829,670 shares, compared to its average volume of 1,229,465. The stock has a market capitalization of $13.62 billion, a price-to-earnings ratio of 14.71 and a beta of 0.84. Avantis International Equity ETF has a fifty-two week low of $58.56 and a fifty-two week high of $91.48. The firm’s fifty day moving average price is $84.62 and its 200-day moving average price is $80.43.

Institutional Trading of Avantis International Equity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Correct Capital Wealth Management raised its stake in shares of Avantis International Equity ETF by 23.6% in the 4th quarter. Correct Capital Wealth Management now owns 764,810 shares of the company’s stock valued at $62,959,000 after acquiring an additional 146,153 shares in the last quarter. JRM Investment Counsel LLC grew its holdings in Avantis International Equity ETF by 2.1% during the fourth quarter. JRM Investment Counsel LLC now owns 237,767 shares of the company’s stock valued at $19,573,000 after purchasing an additional 4,843 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Avantis International Equity ETF by 9.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 19,524 shares of the company’s stock valued at $1,607,000 after purchasing an additional 1,688 shares during the last quarter. Betterment LLC raised its position in shares of Avantis International Equity ETF by 2.5% in the fourth quarter. Betterment LLC now owns 22,041 shares of the company’s stock valued at $1,814,000 after purchasing an additional 547 shares during the period. Finally, Bank of Montreal Can lifted its stake in shares of Avantis International Equity ETF by 22.4% in the fourth quarter. Bank of Montreal Can now owns 122,263 shares of the company’s stock worth $10,065,000 after buying an additional 22,350 shares during the last quarter.

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.