Short Interest in Avantis Emerging Markets Value ETF (NYSEARCA:AVES) Declines By 64.0%

Avantis Emerging Markets Value ETF (NYSEARCA:AVES) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 190,695 shares, a drop of 64.0% from the February 12th total of 530,108 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 297,242 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 297,242 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.1% of the company’s stock are short sold.

Avantis Emerging Markets Value ETF Stock Down 0.4%

Shares of NYSEARCA:AVES opened at $61.36 on Wednesday. The firm has a 50 day moving average of $62.61 and a 200 day moving average of $59.31. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 10.65 and a beta of 0.66. Avantis Emerging Markets Value ETF has a 52 week low of $41.68 and a 52 week high of $67.01.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. American Century Companies Inc. boosted its position in Avantis Emerging Markets Value ETF by 7.9% during the third quarter. American Century Companies Inc. now owns 1,585,115 shares of the company’s stock valued at $90,938,000 after purchasing an additional 116,466 shares in the last quarter. Focus Partners Wealth lifted its position in shares of Avantis Emerging Markets Value ETF by 5.7% during the third quarter. Focus Partners Wealth now owns 800,470 shares of the company’s stock valued at $45,923,000 after buying an additional 43,004 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Avantis Emerging Markets Value ETF during the fourth quarter valued at about $40,475,000. Focus Partners Advisor Solutions LLC boosted its holdings in shares of Avantis Emerging Markets Value ETF by 66.8% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 415,994 shares of the company’s stock valued at $24,308,000 after buying an additional 166,545 shares in the last quarter. Finally, Symmetry Partners LLC boosted its holdings in shares of Avantis Emerging Markets Value ETF by 137.7% in the 4th quarter. Symmetry Partners LLC now owns 378,071 shares of the company’s stock valued at $22,045,000 after buying an additional 218,989 shares in the last quarter.

About Avantis Emerging Markets Value ETF

The Avantis Emerging Markets Value ETF (AVES) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of emerging market equities with lower prices relative to their book values. AVES was launched on Sep 28, 2021 and is managed by American Century Investments.