Avantis International Equity ETF (NYSEARCA:AVDE) Sees Large Increase in Short Interest

Avantis International Equity ETF (NYSEARCA:AVDE) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,047,864 shares, a growth of 165.6% from the September 15th total of 770,967 shares. Based on an average daily volume of 1,504,381 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.0% of the shares of the company are short sold.

Institutional Trading of Avantis International Equity ETF

A number of hedge funds have recently bought and sold shares of the company. Atlas Brown Inc. raised its position in Avantis International Equity ETF by 3.3% in the 2nd quarter. Atlas Brown Inc. now owns 3,673 shares of the company’s stock valued at $328,000 after purchasing an additional 118 shares during the last quarter. Bannerman Wealth Management Group LLC increased its stake in Avantis International Equity ETF by 1.4% in the second quarter. Bannerman Wealth Management Group LLC now owns 8,454 shares of the company’s stock valued at $754,000 after purchasing an additional 119 shares during the period. Team Financial Group LLC increased its stake in Avantis International Equity ETF by 184.5% in the first quarter. Team Financial Group LLC now owns 293 shares of the company’s stock valued at $25,000 after purchasing an additional 190 shares during the period. Ariadne Wealth Management LP raised its holdings in shares of Avantis International Equity ETF by 0.3% in the first quarter. Ariadne Wealth Management LP now owns 73,041 shares of the company’s stock valued at $6,197,000 after buying an additional 211 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its holdings in shares of Avantis International Equity ETF by 10.6% in the first quarter. Citizens Financial Group Inc. RI now owns 3,388 shares of the company’s stock valued at $287,000 after buying an additional 325 shares during the last quarter.

Avantis International Equity ETF Stock Down 0.9%

AVDE traded down $0.80 during mid-day trading on Wednesday, reaching $89.25. 600,886 shares of the company traded hands, compared to its average volume of 1,147,638. The company’s fifty day moving average price is $92.49 and its 200-day moving average price is $90.54. The stock has a market capitalization of $19.00 billion, a P/E ratio of 14.71 and a beta of 0.79. Avantis International Equity ETF has a 52-week low of $77.20 and a 52-week high of $94.82.

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.