Short Interest in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Drops By 36.4%

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 2,062,642 shares, a drop of 36.4% from the July 15th total of 3,241,432 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average trading volume of 2,140,736 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Winch Advisory Services LLC acquired a new position in Avantis Emerging Markets Equity ETF during the 1st quarter valued at about $26,000. JFS Wealth Advisors LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 67.3% during the second quarter. JFS Wealth Advisors LLC now owns 276 shares of the company’s stock worth $27,000 after acquiring an additional 111 shares during the last quarter. Glenmede Trust Co. NA purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the first quarter worth about $31,000. Rothschild Investment LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 192.7% during the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock valued at $34,000 after acquiring an additional 289 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of Avantis Emerging Markets Equity ETF in the 4th quarter valued at approximately $36,000.

Avantis Emerging Markets Equity ETF Trading Down 2.6%

Shares of AVEM traded down $2.47 during trading hours on Tuesday, hitting $92.04. The company had a trading volume of 2,395,858 shares, compared to its average volume of 1,985,593. Avantis Emerging Markets Equity ETF has a one year low of $70.34 and a one year high of $100.83. The company has a market capitalization of $26.19 billion, a PE ratio of 12.66 and a beta of 0.74. The company’s fifty day moving average price is $93.08 and its two-hundred day moving average price is $89.43.

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.