Avantis International Equity ETF (NYSEARCA:AVDE) Short Interest Up 105.5% in August

Avantis International Equity ETF (NYSEARCA:AVDE) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 754,784 shares, an increase of 105.5% from the August 15th total of 367,341 shares. Based on an average daily volume of 1,028,636 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.4% of the shares of the company are short sold.

Avantis International Equity ETF Stock Performance

NYSEARCA AVDE traded down $0.56 during trading hours on Monday, hitting $92.38. The company had a trading volume of 346,958 shares, compared to its average volume of 1,120,610. Avantis International Equity ETF has a 52 week low of $77.20 and a 52 week high of $94.82. The firm has a 50 day simple moving average of $92.15 and a 200 day simple moving average of $89.90. The firm has a market capitalization of $18.40 billion, a price-to-earnings ratio of 14.71 and a beta of 0.78.

Hedge Funds Weigh In On Avantis International Equity ETF

Hedge funds have recently bought and sold shares of the company. Team Financial Group LLC lifted its stake in Avantis International Equity ETF by 184.5% in the 1st quarter. Team Financial Group LLC now owns 293 shares of the company’s stock worth $25,000 after purchasing an additional 190 shares in the last quarter. Hantz Financial Services Inc. bought a new position in shares of Avantis International Equity ETF in the fourth quarter worth $29,000. RHL Group LLC bought a new position in shares of Avantis International Equity ETF in the fourth quarter worth $38,000. Western Wealth Management LLC bought a new position in shares of Avantis International Equity ETF in the first quarter worth $42,000. Finally, Angeles Wealth Management LLC raised its position in shares of Avantis International Equity ETF by 470.6% in the second quarter. Angeles Wealth Management LLC now owns 485 shares of the company’s stock worth $43,000 after buying an additional 400 shares in 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.