Avantis International Equity ETF (NYSEARCA:AVDE) Stock Short Interest Drops 77.7%

Avantis International Equity ETF (NYSEARCA:AVDE) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 455,738 shares, a drop of 77.7% from the September 30th total of 2,047,864 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 1,193,643 shares, the days-to-cover ratio is currently 0.4 days.

Avantis International Equity ETF Price Performance

NYSEARCA:AVDE opened at $89.09 on Tuesday. The firm has a market cap of $19.32 billion, a price-to-earnings ratio of 14.71 and a beta of 0.79. The company has a 50 day moving average price of $91.84 and a 200-day moving average price of $89.62. Avantis International Equity ETF has a 1-year low of $77.20 and a 1-year high of $94.82.

Institutional Trading of Avantis International Equity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Santori & Peters Inc. lifted its stake in Avantis International Equity ETF by 3.2% during the third quarter. Santori & Peters Inc. now owns 3,596 shares of the company’s stock valued at $324,000 after buying an additional 113 shares in the last quarter. Atlas Brown Inc. raised its holdings in shares of Avantis International Equity ETF by 3.3% during the second quarter. Atlas Brown Inc. now owns 3,673 shares of the company’s stock valued at $328,000 after acquiring an additional 118 shares during the period. Bannerman Wealth Management Group LLC lifted its position in shares of Avantis International Equity ETF by 1.4% in the 2nd quarter. Bannerman Wealth Management Group LLC now owns 8,454 shares of the company’s stock valued at $754,000 after acquiring an additional 119 shares in the last quarter. Kooman & Associates boosted its stake in Avantis International Equity ETF by 1.9% in the 3rd quarter. Kooman & Associates now owns 8,018 shares of the company’s stock worth $723,000 after purchasing an additional 151 shares during the period. Finally, Team Financial Group LLC boosted 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 during the period.

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.