Avantis Emerging Markets Small Cap Equity ETF (NYSEARCA:AVEE – Get Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 86,813 shares, a growth of 74.6% from the July 15th total of 49,734 shares. Based on an average trading volume of 18,413 shares, the days-to-cover ratio is presently 4.7 days. Currently, 4.8% of the shares of the stock are sold short.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in AVEE. Vista Capital Partners Inc. purchased a new stake in shares of Avantis Emerging Markets Small Cap Equity ETF in the second quarter worth $1,617,000. Index Fund Advisors Inc. grew its position in Avantis Emerging Markets Small Cap Equity ETF by 21.8% during the fourth quarter. Index Fund Advisors Inc. now owns 107,357 shares of the company’s stock worth $6,700,000 after buying an additional 19,226 shares in the last quarter. Cypress Point Wealth Management LLC grew its position in Avantis Emerging Markets Small Cap Equity ETF by 47.8% during the fourth quarter. Cypress Point Wealth Management LLC now owns 13,465 shares of the company’s stock worth $840,000 after buying an additional 4,352 shares in the last quarter. Timonier Family Office LTD. increased its stake in Avantis Emerging Markets Small Cap Equity ETF by 6.8% in the 4th quarter. Timonier Family Office LTD. now owns 78,632 shares of the company’s stock worth $4,907,000 after acquiring an additional 5,028 shares during the last quarter. Finally, CAP Partners LLC increased its stake in Avantis Emerging Markets Small Cap Equity ETF by 1.8% in the 4th quarter. CAP Partners LLC now owns 13,771 shares of the company’s stock worth $859,000 after acquiring an additional 249 shares during the last quarter.
Avantis Emerging Markets Small Cap Equity ETF Stock Performance
Avantis Emerging Markets Small Cap Equity ETF stock traded up $0.66 during midday trading on Monday, reaching $69.05. 5,935 shares of the stock were exchanged, compared to its average volume of 14,151. The company’s fifty day moving average is $67.76 and its 200-day moving average is $67.68. The firm has a market cap of $124.29 million, a PE ratio of 13.82 and a beta of 0.69. Avantis Emerging Markets Small Cap Equity ETF has a 52 week low of $60.89 and a 52 week high of $72.93.
About Avantis Emerging Markets Small Cap Equity ETF
The Avantis Emerging Markets Small Cap Equity ETF (AVEE) is an exchange-traded fund that mostly invests in small-cap stocks. The fund seeks long-term capital appreciation through an actively managed portfolio of small-cap companies in the emerging market equity space, selected based on fundamental criteria. AVEE was launched on Nov 7, 2023 and is issued by American Century Investments.
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