Avantis Responsible Emerging Markets Equity ETF (NYSEARCA:AVSE) Shares Shorted: Short Interest Up 116.4% in October

Avantis Responsible Emerging Markets Equity ETF (NYSEARCA:AVSE) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 8,786 shares, an increase of 116.4% from the September 30th total of 4,060 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 9,196 shares, the days-to-cover ratio is presently 1.0 days.

Avantis Responsible Emerging Markets Equity ETF Price Performance

Shares of AVSE stock traded down $2.64 during trading hours on Friday, hitting $71.58. 8,358 shares of the company’s stock were exchanged, compared to its average volume of 13,417. The stock’s 50-day moving average is $78.29 and its 200-day moving average is $75.39. Avantis Responsible Emerging Markets Equity ETF has a 52 week low of $62.55 and a 52 week high of $84.93. The stock has a market cap of $207.58 million, a price-to-earnings ratio of 13.19 and a beta of 0.81.

Hedge Funds Weigh In On Avantis Responsible Emerging Markets Equity ETF

A number of institutional investors have recently added to or reduced their stakes in AVSE. Birchwood Financial Partners Inc. bought a new stake in Avantis Responsible Emerging Markets Equity ETF in the 1st quarter valued at $32,000. Private Advisor Group LLC acquired a new stake in shares of Avantis Responsible Emerging Markets Equity ETF during the 1st quarter valued at $290,000. Vestment Financial LLC increased its position in Avantis Responsible Emerging Markets Equity ETF by 4.1% in the 1st quarter. Vestment Financial LLC now owns 7,792 shares of the company’s stock valued at $519,000 after acquiring an additional 306 shares during the period. Apollon Wealth Management LLC raised its position in shares of Avantis Responsible Emerging Markets Equity ETF by 25.7% during the first quarter. Apollon Wealth Management LLC now owns 8,523 shares of the company’s stock worth $567,000 after acquiring an additional 1,743 shares during the last quarter. Finally, Tarbox Family Office Inc. raised its stake in Avantis Responsible Emerging Markets Equity ETF by 21.9% during the second quarter. Tarbox Family Office Inc. now owns 7,441 shares of the company’s stock worth $609,000 after buying an additional 1,336 shares during the last quarter.

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.