Short Interest in Avantis International Small Cap Value ETF (NYSEARCA:AVDV) Declines By 81.0%

Avantis International Small Cap Value ETF (NYSEARCA:AVDV) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 413,656 shares, a drop of 81.0% from the August 15th total of 2,173,805 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 724,488 shares, the days-to-cover ratio is currently 0.6 days.

Avantis International Small Cap Value ETF Stock Performance

AVDV traded up $1.01 during trading on Friday, reaching $111.83. The stock had a trading volume of 54,640 shares, compared to its average volume of 812,366. The stock has a market cap of $20.21 billion, a PE ratio of 10.39 and a beta of 0.78. Avantis International Small Cap Value ETF has a one year low of $87.15 and a one year high of $114.00. The business has a 50-day moving average of $107.98 and a 200-day moving average of $106.14.

Hedge Funds Weigh In On Avantis International Small Cap Value ETF

Several institutional investors have recently modified their holdings of AVDV. RHL Group LLC purchased a new stake in Avantis International Small Cap Value ETF in the fourth quarter worth approximately $39,000. Sunbelt Securities Inc. lifted its position in Avantis International Small Cap Value ETF by 1,739.1% in the fourth quarter. Sunbelt Securities Inc. now owns 423 shares of the company’s stock valued at $40,000 after purchasing an additional 400 shares during the last quarter. Monetary Solutions Ltd purchased a new stake in Avantis International Small Cap Value ETF during the 4th quarter valued at $43,000. Sound Income Strategies LLC boosted its holdings in shares of Avantis International Small Cap Value ETF by 111.7% during the first quarter. Sound Income Strategies LLC now owns 436 shares of the company’s stock worth $44,000 after purchasing an additional 230 shares during the period. Finally, Strive Financial Group LLC purchased a new stake in Avantis International Small Cap Value ETF in the 4th quarter worth approximately $45,000.

About Avantis International Small Cap Value ETF

The Avantis International Small Cap Value ETF (AVDV) is an exchange-traded fund that is based on the MSCI World EX-U.S. Small Cap index. The fund is an actively-managed portfolio of non-US small-cap value companies in developed markets. AVDV was launched on Sep 24, 2019 and is managed by American Century Investments.