Avantis Emerging Markets Small Cap Equity ETF (NYSEARCA:AVEE) Stock Short Interest Drops 71.5%

Avantis Emerging Markets Small Cap Equity ETF (NYSEARCA:AVEE) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 41,704 shares, a decline of 71.5% from the August 31st total of 146,102 shares. Based on an average daily trading volume, of 15,670 shares, the days-to-cover ratio is presently 2.7 days. Approximately 2.1% of the shares of the stock are sold short.

Institutional Trading of Avantis Emerging Markets Small Cap Equity ETF

A number of large investors have recently made changes to their positions in AVEE. Tortoise Investment Management LLC raised its position in shares of Avantis Emerging Markets Small Cap Equity ETF by 2.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 184,695 shares of the company’s stock valued at $12,804,000 after buying an additional 3,989 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Avantis Emerging Markets Small Cap Equity ETF during the second quarter worth approximately $41,000. WorthPointe LLC purchased a new stake in Avantis Emerging Markets Small Cap Equity ETF during the second quarter valued at approximately $248,000. Lam Group Inc. lifted its stake in shares of Avantis Emerging Markets Small Cap Equity ETF by 6.0% in the 2nd quarter. Lam Group Inc. now owns 9,845 shares of the company’s stock valued at $683,000 after purchasing an additional 560 shares during the last quarter. Finally, Ares Financial Consulting LLC lifted its stake in shares of Avantis Emerging Markets Small Cap Equity ETF by 807.5% in the 2nd quarter. Ares Financial Consulting LLC now owns 2,432 shares of the company’s stock valued at $169,000 after purchasing an additional 2,164 shares during the last quarter.

Avantis Emerging Markets Small Cap Equity ETF Stock Performance

AVEE opened at $68.67 on Friday. The stock has a market capitalization of $137.34 million, a price-to-earnings ratio of 13.82 and a beta of 0.71. The company has a fifty day moving average of $67.74 and a 200 day moving average of $68.07. Avantis Emerging Markets Small Cap Equity ETF has a fifty-two week low of $60.89 and a fifty-two week high of $72.93.

About Avantis Emerging Markets Small Cap Equity ETF

The Avantis Emerging Markets Small Cap Equity ETF (AVEE) is an exchange-traded fund that mostly invests in small-cap stocks. The fund seeks long-term capital appreciation through an actively managed portfolio of small-cap companies in the emerging market equity space, selected based on fundamental criteria. AVEE was launched on Nov 7, 2023 and is issued by American Century Investments.