Avantis Emerging Markets Small Cap Equity ETF (NYSEARCA:AVEE) Stock Short Interest Drops 71.5%

Avantis Emerging Markets Small Cap Equity ETF (NYSEARCA:AVEE) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 41,704 shares, a drop of 71.5% from the August 31st total of 146,102 shares. Based on an average trading volume of 15,670 shares, the days-to-cover ratio is currently 2.7 days. Approximately 2.1% of the company’s shares are short sold.

Avantis Emerging Markets Small Cap Equity ETF Stock Performance

AVEE traded down $0.24 during trading on Monday, reaching $68.43. 10,296 shares of the company’s stock were exchanged, compared to its average volume of 13,761. The company’s fifty day moving average price is $67.74 and its 200-day moving average price is $68.10. The firm has a market capitalization of $136.86 million, a PE ratio of 13.82 and a beta of 0.71. Avantis Emerging Markets Small Cap Equity ETF has a fifty-two week low of $60.89 and a fifty-two week high of $72.93.

Institutional Investors Weigh In On Avantis Emerging Markets Small Cap Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lam Group Inc. increased its stake in shares of Avantis Emerging Markets Small Cap Equity ETF by 5.0% in the 1st quarter. Lam Group Inc. now owns 9,285 shares of the company’s stock valued at $589,000 after acquiring an additional 445 shares during the last quarter. B&D White Capital Company LLC boosted its stake in Avantis Emerging Markets Small Cap Equity ETF by 10.8% during the 1st quarter. B&D White Capital Company LLC now owns 5,463 shares of the company’s stock worth $347,000 after acquiring an additional 531 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Avantis Emerging Markets Small Cap Equity ETF during the 2nd quarter worth approximately $41,000. CAP Partners LLC grew its holdings in Avantis Emerging Markets Small Cap Equity ETF by 4.6% during the first quarter. CAP Partners LLC now owns 14,406 shares of the company’s stock valued at $914,000 after purchasing an additional 635 shares during the period. Finally, Ares Financial Consulting LLC grew its holdings in Avantis Emerging Markets Small Cap Equity ETF by 807.5% during the second quarter. Ares Financial Consulting LLC now owns 2,432 shares of the company’s stock valued at $169,000 after purchasing an additional 2,164 shares during the period.

Avantis Emerging Markets Small Cap Equity ETF Company Profile

The Avantis Emerging Markets Small Cap Equity ETF (AVEE) 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 companies in the emerging market equity space, selected based on fundamental criteria. AVEE was launched on Nov 7, 2023 and is issued by American Century Investments.