Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sees Large Decline in Short Interest

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 783,850 shares, a decline of 49.4% from the August 31st total of 1,548,054 shares. Based on an average daily trading volume, of 1,396,921 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the shares of the stock are short sold.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA:AVEM traded down $0.79 during trading hours on Wednesday, hitting $94.01. The company’s stock had a trading volume of 1,088,263 shares, compared to its average volume of 1,924,219. The business’s 50-day moving average is $93.30 and its two-hundred day moving average is $91.46. The company has a market capitalization of $28.39 billion, a PE ratio of 12.66 and a beta of 0.75. Avantis Emerging Markets Equity ETF has a 52-week low of $72.94 and a 52-week high of $100.83.

Institutional Trading of Avantis Emerging Markets Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. QRG Capital Management Inc. boosted its stake in shares of Avantis Emerging Markets Equity ETF by 31.9% during the 2nd quarter. QRG Capital Management Inc. now owns 16,135 shares of the company’s stock worth $1,557,000 after acquiring an additional 3,898 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Avantis Emerging Markets Equity ETF by 0.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 30,820 shares of the company’s stock valued at $2,974,000 after purchasing an additional 273 shares during the last quarter. Altar Rock LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 0.4% in the second quarter. Altar Rock LLC now owns 52,998 shares of the company’s stock valued at $5,114,000 after buying an additional 198 shares in the last quarter. Cherry Tree Wealth Management LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 4.3% in the second quarter. Cherry Tree Wealth Management LLC now owns 76,432 shares of the company’s stock valued at $7,375,000 after buying an additional 3,181 shares in the last quarter. Finally, Blue Edge Capital LLC raised its stake in shares of Avantis Emerging Markets Equity ETF by 24.4% during the 2nd quarter. Blue Edge Capital LLC now owns 178,396 shares of the company’s stock worth $17,213,000 after buying an additional 35,015 shares during the last quarter.

About Avantis Emerging Markets Equity ETF

The Avantis Emerging Markets Equity ETF (AVEM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.