Avantis All International Markets Equity ETF (NYSEARCA:AVNM) Sees Large Decrease in Short Interest

Avantis All International Markets Equity ETF (NYSEARCA:AVNM) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 39,531 shares, a decrease of 67.3% from the April 30th total of 120,798 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 49,329 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On Avantis All International Markets Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC grew its stake in Avantis All International Markets Equity ETF by 188.8% in the fourth quarter. CWM LLC now owns 335 shares of the company’s stock worth $25,000 after purchasing an additional 219 shares during the period. Cloud Capital Management LLC grew its stake in Avantis All International Markets Equity ETF by 2.8% in the fourth quarter. Cloud Capital Management LLC now owns 8,566 shares of the company’s stock worth $629,000 after purchasing an additional 235 shares during the period. Altus Wealth Group LLC grew its stake in Avantis All International Markets Equity ETF by 0.9% in the fourth quarter. Altus Wealth Group LLC now owns 28,847 shares of the company’s stock worth $2,121,000 after purchasing an additional 258 shares during the period. B&D White Capital Company LLC grew its stake in Avantis All International Markets Equity ETF by 0.3% in the fourth quarter. B&D White Capital Company LLC now owns 139,865 shares of the company’s stock worth $10,283,000 after purchasing an additional 359 shares during the period. Finally, Team Financial Group LLC purchased a new stake in Avantis All International Markets Equity ETF in the first quarter worth $30,000.

Avantis All International Markets Equity ETF Price Performance

AVNM stock traded up $0.15 during midday trading on Friday, hitting $84.63. The stock had a trading volume of 76,496 shares, compared to its average volume of 64,673. The firm has a market cap of $643.19 million, a price-to-earnings ratio of 13.10 and a beta of 0.65. The business has a 50-day moving average of $80.48 and a two-hundred day moving average of $77.62. Avantis All International Markets Equity ETF has a 52-week low of $63.10 and a 52-week high of $85.05.

Avantis All International Markets Equity ETF Company Profile

The Avantis All International Markets Equity ETF (AVNM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in international equity portfolios, typically heavily weighted towards developed markets outside the US. It seeks long-term capital appreciation through securities with higher expected returns. AVNM was launched on Jun 27, 2023 and is managed by American Century Investments.