Avantis International Equity ETF (NYSEARCA:AVDE) Short Interest Down 59.4% in August

Avantis International Equity ETF (NYSEARCA:AVDE) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 367,341 shares, a drop of 59.4% from the July 30th total of 904,393 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 920,491 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Avantis International Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Team Financial Group LLC grew its holdings in shares of Avantis International Equity ETF by 184.5% during the first 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 stake in Avantis International Equity ETF in the fourth quarter valued at approximately $29,000. RHL Group LLC bought a new stake in Avantis International Equity ETF during the 4th quarter valued at $38,000. Angeles Wealth Management LLC boosted its holdings in shares of Avantis International Equity ETF by 470.6% during the second quarter. Angeles Wealth Management LLC now owns 485 shares of the company’s stock worth $43,000 after purchasing an additional 400 shares during the period. Finally, Abound Wealth Management purchased a new stake in Avantis International Equity ETF in the 2nd quarter worth approximately $44,000.

Avantis International Equity ETF Price Performance

Shares of Avantis International Equity ETF stock traded down $0.47 during trading hours on Friday, reaching $93.82. The company had a trading volume of 909,098 shares, compared to its average volume of 1,141,087. The firm has a market cap of $18.69 billion, a PE ratio of 14.71 and a beta of 0.78. Avantis International Equity ETF has a one year low of $75.68 and a one year high of $94.82. The business has a fifty day simple moving average of $91.30 and a 200 day simple moving average of $89.72.

About Avantis International Equity ETF

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.