Short Interest in Avantis International Equity ETF (NYSEARCA:AVDE) Decreases By 74.9%

Avantis International Equity ETF (NYSEARCA:AVDE) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 423,987 shares, a drop of 74.9% from the December 31st total of 1,688,339 shares. Based on an average trading volume of 924,990 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 924,990 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Avantis International Equity ETF

Several large investors have recently added to or reduced their stakes in AVDE. Glassman Wealth Services purchased a new stake in shares of Avantis International Equity ETF in the 2nd quarter valued at about $25,000. Evolution Wealth Management Inc. purchased a new stake in Avantis International Equity ETF in the second quarter valued at approximately $32,000. US Bancorp DE bought a new stake in Avantis International Equity ETF during the third quarter valued at approximately $47,000. Investment Research & Advisory Group Inc. bought a new position in shares of Avantis International Equity ETF in the 4th quarter worth $48,000. Finally, Bessemer Group Inc. purchased a new stake in shares of Avantis International Equity ETF during the 2nd quarter valued at $57,000.

Avantis International Equity ETF Stock Performance

NYSEARCA AVDE traded down $0.67 on Wednesday, hitting $87.84. The stock had a trading volume of 948,404 shares, compared to its average volume of 1,137,256. The firm has a 50-day moving average of $82.84 and a 200-day moving average of $79.43. Avantis International Equity ETF has a 52-week low of $58.56 and a 52-week high of $88.67. The company has a market capitalization of $12.86 billion, a price-to-earnings ratio of 14.71 and a beta of 0.84.

Avantis International Equity ETF Company Profile

The Avantis International Equity ETF (AVDE) is an exchange-traded fund that is based on the MSCI WORLD EX USA IMI INDEX index. The fund is an actively managed portfolio of non-US companies from developed markets, of all market capitalizations, focusing on smaller, value companies. AVDE was launched on Sep 24, 2019 and is managed by American Century Investments.