Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sees Large Drop in Short Interest

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 446,504 shares, a decrease of 49.5% from the May 31st total of 883,806 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 1,774,056 shares, the short-interest ratio is presently 0.3 days.

Avantis Emerging Markets Equity ETF Trading Up 1.2%

AVEM traded up $1.13 on Tuesday, hitting $96.23. 278,521 shares of the company’s stock traded hands, compared to its average volume of 1,985,783. The company’s 50 day simple moving average is $94.00 and its 200-day simple moving average is $86.25. The firm has a market cap of $25.10 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a one year low of $68.15 and a one year high of $100.83.

Hedge Funds Weigh In On Avantis Emerging Markets Equity ETF

Institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc boosted its stake in Avantis Emerging Markets Equity ETF by 0.4% in the 4th quarter. IFP Advisors Inc now owns 28,429 shares of the company’s stock worth $2,190,000 after purchasing an additional 120 shares in the last quarter. Investmark Advisory Group LLC grew its position in Avantis Emerging Markets Equity ETF by 1.8% during the 4th quarter. Investmark Advisory Group LLC now owns 6,712 shares of the company’s stock worth $517,000 after purchasing an additional 121 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 0.3% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 43,758 shares of the company’s stock valued at $3,370,000 after acquiring an additional 130 shares during the period. Hardin Capital Partners LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 1.0% in the fourth quarter. Hardin Capital Partners LLC now owns 13,713 shares of the company’s stock valued at $1,056,000 after purchasing an additional 135 shares during the period. Finally, BLVD Private Wealth LLC boosted its position in Avantis Emerging Markets Equity ETF by 0.6% in the fourth quarter. BLVD Private Wealth LLC now owns 22,285 shares of the company’s stock valued at $1,716,000 after buying an additional 140 shares during the last quarter.

About Avantis Emerging Markets Equity ETF

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.