Avantis International Small Cap Equity ETF (NYSEARCA:AVDS) Sees Significant Drop in Short Interest

Avantis International Small Cap Equity ETF (NYSEARCA:AVDS) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 66,636 shares, a drop of 72.7% from the May 14th total of 243,967 shares. Currently, 1.8% of the shares of the company are short sold. Based on an average daily volume of 18,666 shares, the days-to-cover ratio is presently 3.6 days.

Institutional Trading of Avantis International Small Cap Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC raised its position in shares of Avantis International Small Cap Equity ETF by 11.0% during the 4th quarter. CWM LLC now owns 155,562 shares of the company’s stock worth $10,860,000 after buying an additional 15,369 shares in the last quarter. Lam Group Inc. raised its position in shares of Avantis International Small Cap Equity ETF by 166.5% during the 4th quarter. Lam Group Inc. now owns 14,975 shares of the company’s stock worth $1,045,000 after buying an additional 9,355 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Avantis International Small Cap Equity ETF by 10.9% during the 4th quarter. Park Avenue Securities LLC now owns 84,804 shares of the company’s stock worth $5,920,000 after buying an additional 8,367 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Avantis International Small Cap Equity ETF by 10.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 147,458 shares of the company’s stock worth $9,961,000 after buying an additional 13,947 shares in the last quarter. Finally, Endeavor Private Wealth Inc. raised its position in shares of Avantis International Small Cap Equity ETF by 111.1% during the 4th quarter. Endeavor Private Wealth Inc. now owns 14,919 shares of the company’s stock worth $1,041,000 after buying an additional 7,853 shares in the last quarter.

Avantis International Small Cap Equity ETF Trading Up 0.7%

NYSEARCA:AVDS traded up $0.54 during mid-day trading on Friday, hitting $76.90. The stock had a trading volume of 13,595 shares, compared to its average volume of 30,246. The stock has a market capitalization of $284.53 million, a price-to-earnings ratio of 13.68 and a beta of 0.71. The company has a 50 day simple moving average of $77.14 and a 200-day simple moving average of $74.29. Avantis International Small Cap Equity ETF has a 52 week low of $60.13 and a 52 week high of $80.21.

Avantis International Small Cap Equity ETF Company Profile

The Avantis International Small Cap Equity ETF (AVDS) 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 stocks outside the US. AVDS was launched on Jul 18, 2023 and is issued by American Century Investments.