Avantis Responsible Emerging Markets Equity ETF (NYSEARCA:AVSE) Sees Large Decline in Short Interest

Avantis Responsible Emerging Markets Equity ETF (NYSEARCA:AVSE) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 7,500 shares, a decline of 29.9% from the August 31st total of 10,700 shares. Based on an average daily volume of 4,000 shares, the days-to-cover ratio is currently 1.9 days. Based on an average daily volume of 4,000 shares, the days-to-cover ratio is currently 1.9 days.

Avantis Responsible Emerging Markets Equity ETF Price Performance

Shares of AVSE opened at $64.42 on Monday. Avantis Responsible Emerging Markets Equity ETF has a 1 year low of $45.01 and a 1 year high of $64.67. The company has a 50 day simple moving average of $61.47 and a two-hundred day simple moving average of $57.13. The firm has a market cap of $161.05 million, a P/E ratio of 13.19 and a beta of 0.93.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. North Ridge Wealth Advisors Inc. purchased a new position in shares of Avantis Responsible Emerging Markets Equity ETF during the 2nd quarter worth about $80,000. Truist Financial Corp purchased a new position in shares of Avantis Responsible Emerging Markets Equity ETF during the second quarter valued at approximately $203,000. ABLE Financial Group LLC bought a new position in shares of Avantis Responsible Emerging Markets Equity ETF during the second quarter valued at approximately $210,000. Addison Advisors LLC raised its holdings in shares of Avantis Responsible Emerging Markets Equity ETF by 15.7% in the second quarter. Addison Advisors LLC now owns 3,680 shares of the company’s stock worth $216,000 after buying an additional 500 shares during the period. Finally, Kelman Lazarov Inc. bought a new stake in shares of Avantis Responsible Emerging Markets Equity ETF during the 1st quarter worth approximately $243,000.

About Avantis Responsible Emerging Markets Equity ETF

The Avantis Responsible Emerging Markets Equity ETF (AVSE) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in companies of all market capitalizations in emerging markets. Holdings are screened for multiple ESG metrics and fundamental criteria AVSE was launched on Mar 28, 2022 and is managed by American Century Investments.