Short Interest in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Declines By 53.7%

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) saw a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 677,216 shares, a decline of 53.7% from the January 29th total of 1,461,500 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 1,946,534 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 1,946,534 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its stake in Avantis Emerging Markets Equity ETF by 2,366.7% in the second quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock valued at $25,000 after buying an additional 355 shares in the last quarter. American Capital Advisory LLC bought a new position in shares of Avantis Emerging Markets Equity ETF during the third quarter worth about $30,000. Rothschild Investment LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 192.7% in the 4th quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after purchasing an additional 289 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in shares of Avantis Emerging Markets Equity ETF during the 4th quarter valued at about $36,000. Finally, Team Financial Group LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 184.2% in the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after acquiring an additional 361 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Avantis Emerging Markets Equity ETF stock traded down $0.24 during midday trading on Friday, hitting $88.61. The company’s stock had a trading volume of 449,222 shares, compared to its average volume of 2,028,504. The company has a market cap of $19.58 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a 1-year low of $52.52 and a 1-year high of $89.75. The company has a 50-day moving average price of $82.35 and a two-hundred day moving average price of $77.59.

Avantis Emerging Markets Equity ETF Company Profile

The Avantis Emerging Markets Equity ETF (AVEM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.