Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Stock Short Interest Drops 49.4%

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 783,850 shares, a decline of 49.4% from the August 31st total of 1,548,054 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 1,396,921 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Avantis Emerging Markets Equity ETF

Several large investors have recently added to or reduced their stakes in AVEM. QRG Capital Management Inc. lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 31.9% during the second quarter. QRG Capital Management Inc. now owns 16,135 shares of the company’s stock worth $1,557,000 after purchasing an additional 3,898 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 0.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 30,820 shares of the company’s stock valued at $2,974,000 after acquiring an additional 273 shares during the last quarter. Altar Rock LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 0.4% in the second quarter. Altar Rock LLC now owns 52,998 shares of the company’s stock worth $5,114,000 after acquiring an additional 198 shares during the period. Cherry Tree Wealth Management LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 4.3% during the second quarter. Cherry Tree Wealth Management LLC now owns 76,432 shares of the company’s stock worth $7,375,000 after purchasing an additional 3,181 shares during the last quarter. Finally, Blue Edge Capital LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 24.4% in the second quarter. Blue Edge Capital LLC now owns 178,396 shares of the company’s stock valued at $17,213,000 after purchasing an additional 35,015 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 0.8%

Shares of Avantis Emerging Markets Equity ETF stock opened at $94.45 on Tuesday. The firm’s 50 day simple moving average is $93.24 and its two-hundred day simple moving average is $91.38. The firm has a market capitalization of $28.52 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75. Avantis Emerging Markets Equity ETF has a 12-month low of $72.94 and a 12-month high of $100.83.

Avantis Emerging Markets Equity ETF Company Profile

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.