Avantis Real Estate ETF (NYSEARCA:AVRE) Sees Large Drop in Short Interest

Avantis Real Estate ETF (NYSEARCA:AVRE) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 101,232 shares, a decrease of 63.0% from the April 15th total of 273,415 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 37,315 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Trading of Avantis Real Estate ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in AVRE. Park Avenue Securities LLC raised its stake in shares of Avantis Real Estate ETF by 12.2% during the 4th quarter. Park Avenue Securities LLC now owns 113,430 shares of the company’s stock worth $4,938,000 after buying an additional 12,356 shares in the last quarter. Equita Financial Network Inc. raised its stake in shares of Avantis Real Estate ETF by 10.8% during the 4th quarter. Equita Financial Network Inc. now owns 208,603 shares of the company’s stock worth $9,080,000 after buying an additional 20,318 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Avantis Real Estate ETF by 17.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 210,300 shares of the company’s stock worth $9,354,000 after buying an additional 31,073 shares in the last quarter. Nicolet Advisory Services LLC raised its stake in shares of Avantis Real Estate ETF by 46.7% during the 3rd quarter. Nicolet Advisory Services LLC now owns 478,625 shares of the company’s stock worth $21,103,000 after buying an additional 152,261 shares in the last quarter. Finally, Quarry Hill Advisors LLC raised its stake in shares of Avantis Real Estate ETF by 11.9% during the 3rd quarter. Quarry Hill Advisors LLC now owns 129,751 shares of the company’s stock worth $5,771,000 after buying an additional 13,748 shares in the last quarter.

Avantis Real Estate ETF Trading Down 0.3%

Shares of NYSEARCA AVRE traded down $0.12 during trading hours on Thursday, reaching $47.35. The stock had a trading volume of 50,866 shares, compared to its average volume of 61,846. The firm has a market cap of $795.48 million, a price-to-earnings ratio of 28.60 and a beta of 0.92. Avantis Real Estate ETF has a fifty-two week low of $42.83 and a fifty-two week high of $48.20. The firm has a 50-day moving average of $46.05 and a 200-day moving average of $45.12.

About Avantis Real Estate ETF

The Avantis Real Estate ETF (AVRE) is an exchange-traded fund that is based on the S&P Global REIT index. The fund is an actively managed fund that provides broad exposure to real estate securities around the world. AVRE was launched on Sep 28, 2021 and is managed by American Century Investments.