Avantis Real Estate ETF (NYSEARCA:AVRE) Short Interest Up 49.4% in March

Avantis Real Estate ETF (NYSEARCA:AVRE) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 191,057 shares, an increase of 49.4% from the February 26th total of 127,871 shares. Based on an average trading volume of 57,450 shares, the days-to-cover ratio is currently 3.3 days. Approximately 1.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC bought a new stake in Avantis Real Estate ETF during the 4th quarter worth about $50,048,000. Financial Plan Inc. bought a new position in shares of Avantis Real Estate ETF in the 4th quarter valued at about $26,155,000. Focus Partners Advisor Solutions LLC increased its position in shares of Avantis Real Estate ETF by 96.8% in the third quarter. Focus Partners Advisor Solutions LLC now owns 634,648 shares of the company’s stock valued at $28,190,000 after acquiring an additional 312,084 shares during the last quarter. Nicolet Advisory Services LLC increased its position in shares of Avantis Real Estate ETF by 46.7% in the third quarter. Nicolet Advisory Services LLC now owns 478,625 shares of the company’s stock valued at $21,103,000 after acquiring an additional 152,261 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in Avantis Real Estate ETF by 54.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 367,012 shares of the company’s stock worth $15,976,000 after acquiring an additional 129,258 shares in the last quarter.

Avantis Real Estate ETF Price Performance

Shares of AVRE traded down $0.34 during mid-day trading on Friday, hitting $43.12. 61,468 shares of the company’s stock were exchanged, compared to its average volume of 67,677. Avantis Real Estate ETF has a 52 week low of $37.71 and a 52 week high of $47.81. The company has a market cap of $672.67 million, a PE ratio of 28.60 and a beta of 0.93. The company has a 50-day simple moving average of $45.60 and a 200 day simple moving average of $44.66.

About Avantis Real Estate ETF

The Avantis Real Estate ETF (AVRE) is an exchange-traded fund that is based on the S&P Global REIT index. The fund is an actively managed fund that provides broad exposure to real estate securities around the world. AVRE was launched on Sep 28, 2021 and is managed by American Century Investments.