Avantis All International Markets Equity ETF (NYSEARCA:AVNM) Sees Significant Decline in Short Interest

Avantis All International Markets Equity ETF (NYSEARCA:AVNM) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 62,537 shares, a drop of 19.6% from the March 31st total of 77,781 shares. Based on an average daily volume of 52,484 shares, the short-interest ratio is presently 1.2 days. Approximately 0.8% of the shares of the stock are short sold.

Avantis All International Markets Equity ETF Price Performance

NYSEARCA:AVNM traded up $1.71 during trading hours on Thursday, hitting $81.71. The stock had a trading volume of 72,400 shares, compared to its average volume of 68,741. The company has a 50 day simple moving average of $79.01 and a two-hundred day simple moving average of $75.97. Avantis All International Markets Equity ETF has a one year low of $59.73 and a one year high of $83.61. The firm has a market capitalization of $612.83 million, a price-to-earnings ratio of 13.10 and a beta of 0.66.

Institutional Trading of Avantis All International Markets Equity ETF

Hedge funds have recently made changes to their positions in the stock. Edge Financial Advisors LLC lifted its holdings in shares of Avantis All International Markets Equity ETF by 101.0% during the 3rd quarter. Edge Financial Advisors LLC now owns 43,396 shares of the company’s stock worth $3,064,000 after acquiring an additional 21,808 shares during the last quarter. Truist Financial Corp bought a new stake in shares of Avantis All International Markets Equity ETF during the 3rd quarter worth $14,040,000. BWM Planning LLC lifted its holdings in shares of Avantis All International Markets Equity ETF by 28.9% during the 4th quarter. BWM Planning LLC now owns 335,347 shares of the company’s stock worth $24,655,000 after acquiring an additional 75,249 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in shares of Avantis All International Markets Equity ETF during the 4th quarter worth $1,313,000. Finally, Wealth Management Partners LLC lifted its holdings in shares of Avantis All International Markets Equity ETF by 2.6% during the 4th quarter. Wealth Management Partners LLC now owns 338,676 shares of the company’s stock worth $24,899,000 after acquiring an additional 8,654 shares during the last quarter.

Avantis All International Markets Equity ETF Company Profile

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.