Avantis Real Estate ETF (NYSEARCA:AVRE) Short Interest Update

Avantis Real Estate ETF (NYSEARCA:AVRE) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 101,232 shares, a drop of 63.0% from the April 15th total of 273,415 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 37,315 shares, the short-interest ratio is presently 2.7 days.

Avantis Real Estate ETF Price Performance

Shares of AVRE traded down $0.69 during mid-day trading on Friday, reaching $46.66. 32,592 shares of the company’s stock were exchanged, compared to its average volume of 61,531. The stock has a market capitalization of $783.89 million, a PE ratio of 28.60 and a beta of 0.92. The business’s fifty day simple moving average is $46.06 and its 200-day simple moving average is $45.15. Avantis Real Estate ETF has a 52-week low of $42.83 and a 52-week high of $48.20.

Hedge Funds Weigh In On Avantis Real Estate ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of AVRE. AQR Capital Management LLC grew its position in Avantis Real Estate ETF by 38.9% in the 1st quarter. AQR Capital Management LLC now owns 29,597 shares of the company’s stock valued at $1,273,000 after buying an additional 8,289 shares during the last quarter. Sentinel Wealth Management Inc. purchased a new position in Avantis Real Estate ETF in the 2nd quarter valued at $2,687,000. MML Investors Services LLC grew its position in Avantis Real Estate ETF by 13.4% in the 2nd quarter. MML Investors Services LLC now owns 61,291 shares of the company’s stock valued at $2,707,000 after buying an additional 7,226 shares during the last quarter. North Ridge Wealth Advisors Inc. grew its position in Avantis Real Estate ETF by 0.3% in the 2nd quarter. North Ridge Wealth Advisors Inc. now owns 103,133 shares of the company’s stock valued at $4,554,000 after buying an additional 301 shares during the last quarter. Finally, Quarry Hill Advisors LLC grew its position in Avantis Real Estate ETF by 11.9% in the 3rd quarter. Quarry Hill Advisors LLC now owns 129,751 shares of the company’s stock valued at $5,771,000 after buying an additional 13,748 shares during the last quarter.

About Avantis Real Estate ETF

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.