Short Interest in Avantis All International Markets Equity ETF (NYSEARCA:AVNM) Drops By 67.3%

Avantis All International Markets Equity ETF (NYSEARCA:AVNM) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 39,531 shares, a drop of 67.3% from the April 30th total of 120,798 shares. Based on an average daily volume of 49,329 shares, the short-interest ratio is presently 0.8 days. Approximately 0.5% of the shares of the company are short sold.

Avantis All International Markets Equity ETF Stock Up 0.2%

AVNM traded up $0.15 during trading on Friday, reaching $84.63. 76,496 shares of the company’s stock were exchanged, compared to its average volume of 64,673. Avantis All International Markets Equity ETF has a fifty-two week low of $63.10 and a fifty-two week high of $85.05. The business has a 50 day moving average price of $80.48 and a 200 day moving average price of $77.62. The company has a market capitalization of $643.19 million, a P/E ratio of 13.10 and a beta of 0.65.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Duncan Williams Asset Management LLC raised its holdings in Avantis All International Markets Equity ETF by 3,251.6% during the 4th quarter. Duncan Williams Asset Management LLC now owns 280,261 shares of the company’s stock worth $22,214,000 after purchasing an additional 271,899 shares during the last quarter. Truist Financial Corp acquired a new position in shares of Avantis All International Markets Equity ETF in the 3rd quarter valued at approximately $14,040,000. Envestnet Asset Management Inc. acquired a new position in shares of Avantis All International Markets Equity ETF in the 3rd quarter valued at approximately $13,401,000. Merit Financial Group LLC grew its position in shares of Avantis All International Markets Equity ETF by 9.1% in the 4th quarter. Merit Financial Group LLC now owns 1,944,852 shares of the company’s stock valued at $142,986,000 after purchasing an additional 162,230 shares during the period. Finally, Howard Bailey Securities LLC acquired a new position in shares of Avantis All International Markets Equity ETF in the 4th quarter valued at approximately $9,749,000.

About Avantis All International Markets Equity ETF

The Avantis All International Markets Equity ETF (AVNM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in international equity portfolios, typically heavily weighted towards developed markets outside the US. It seeks long-term capital appreciation through securities with higher expected returns. AVNM was launched on Jun 27, 2023 and is managed by American Century Investments.