Avantis International Equity ETF (NYSEARCA:AVDE) Sees Significant Decline in Short Interest

Avantis International Equity ETF (NYSEARCA:AVDE) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 481,297 shares, a drop of 45.1% from the May 31st total of 876,644 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 1,169,181 shares, the short-interest ratio is currently 0.4 days.

Avantis International Equity ETF Stock Down 0.2%

NYSEARCA AVDE traded down $0.21 during trading hours on Wednesday, hitting $88.99. 1,359,503 shares of the company were exchanged, compared to its average volume of 1,191,335. Avantis International Equity ETF has a 52 week low of $72.79 and a 52 week high of $92.60. The stock has a 50-day moving average price of $89.98 and a 200 day moving average price of $87.61. The stock has a market cap of $17.01 billion, a PE ratio of 14.71 and a beta of 0.78.

Institutional Investors Weigh In On Avantis International Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in AVDE. Clearwater Capital Advisors LLC lifted its holdings in shares of Avantis International Equity ETF by 0.6% in the 4th quarter. Clearwater Capital Advisors LLC now owns 22,552 shares of the company’s stock worth $1,856,000 after acquiring an additional 132 shares during the last quarter. New Dimensions Wealth Management LLC raised its holdings in shares of Avantis International Equity ETF by 2.8% in the fourth quarter. New Dimensions Wealth Management LLC now owns 5,547 shares of the company’s stock worth $457,000 after buying an additional 151 shares during the period. IFP Advisors Inc lifted its stake in shares of Avantis International Equity ETF by 10.6% during the 3rd quarter. IFP Advisors Inc now owns 1,591 shares of the company’s stock worth $126,000 after acquiring an additional 152 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of Avantis International Equity ETF by 2.4% during the 2nd quarter. Baird Financial Group Inc. now owns 7,011 shares of the company’s stock worth $519,000 after acquiring an additional 166 shares during the last quarter. Finally, KKM Financial LLC boosted its holdings in Avantis International Equity ETF by 2.5% during the 3rd quarter. KKM Financial LLC now owns 7,020 shares of the company’s stock valued at $554,000 after acquiring an additional 172 shares during the period.

About Avantis International Equity ETF

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.