Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Shares Shorted: Short Interest Up 135.1% in October

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 4,058,684 shares, an increase of 135.1% from the September 30th total of 1,726,583 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average trading volume of 1,710,744 shares, the days-to-cover ratio is currently 2.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in Avantis Emerging Markets Equity ETF by 45.1% in the first quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock valued at $2,310,765,000 after buying an additional 8,908,264 shares during the period. Vantagepoint Investment Advisers LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the third quarter valued at $248,060,000. PNC Financial Services Group Inc. raised its holdings in shares of Avantis Emerging Markets Equity ETF by 6.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,329,760 shares of the company’s stock valued at $187,732,000 after purchasing an additional 131,390 shares during the period. Cetera Investment Advisers raised its position in shares of Avantis Emerging Markets Equity ETF by 13.3% in the first quarter. Cetera Investment Advisers now owns 1,868,208 shares of the company’s stock valued at $150,540,000 after purchasing an additional 219,618 shares during the period. Finally, Annex Advisory Services LLC acquired a new position in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at $157,364,000.

Avantis Emerging Markets Equity ETF Trading Down 3.3%

Avantis Emerging Markets Equity ETF stock traded down $2.94 during mid-day trading on Friday, hitting $85.47. The company’s stock had a trading volume of 1,957,295 shares, compared to its average volume of 1,918,244. Avantis Emerging Markets Equity ETF has a 1 year low of $73.79 and a 1 year high of $100.83. The stock’s fifty day moving average is $93.24 and its two-hundred day moving average is $89.98. The firm has a market capitalization of $26.31 billion, a PE ratio of 12.66 and a beta of 0.75.

Avantis Emerging Markets Equity ETF Company Profile

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.