Short Interest in Avantis Real Estate ETF (NYSEARCA:AVRE) Increases By 81.1%

Avantis Real Estate ETF (NYSEARCA:AVRE) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 159,825 shares, a growth of 81.1% from the May 14th total of 88,236 shares. Based on an average daily volume of 69,276 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.0% of the shares of the company are sold short.

Avantis Real Estate ETF Trading Up 0.1%

Shares of AVRE stock opened at $47.84 on Wednesday. The business’s 50 day moving average is $47.23 and its two-hundred day moving average is $45.68. Avantis Real Estate ETF has a twelve month low of $42.98 and a twelve month high of $48.34. The company has a market capitalization of $803.71 million, a P/E ratio of 28.60 and a beta of 0.90.

Institutional Trading of Avantis Real Estate ETF

A number of institutional investors have recently modified their holdings of the business. Empowered Funds LLC boosted its stake in shares of Avantis Real Estate ETF by 7.6% in the first quarter. Empowered Funds LLC now owns 1,237,572 shares of the company’s stock valued at $54,478,000 after buying an additional 87,835 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Avantis Real Estate ETF by 169.1% in the first quarter. Sequoia Financial Advisors LLC now owns 987,667 shares of the company’s stock valued at $43,477,000 after buying an additional 620,655 shares in the last quarter. Financial Plan Inc. boosted its stake in shares of Avantis Real Estate ETF by 18.6% in the first quarter. Financial Plan Inc. now owns 712,325 shares of the company’s stock valued at $31,357,000 after buying an additional 111,473 shares in the last quarter. Focus Partners Advisor Solutions LLC boosted its stake in shares of Avantis Real Estate ETF by 96.8% in the third quarter. Focus Partners Advisor Solutions LLC now owns 634,648 shares of the company’s stock valued at $28,190,000 after buying an additional 312,084 shares in the last quarter. Finally, Nicolet Advisory Services LLC boosted its stake in shares of Avantis Real Estate ETF by 46.7% in the third quarter. Nicolet Advisory Services LLC now owns 478,625 shares of the company’s stock valued at $21,103,000 after buying an additional 152,261 shares in the last quarter.

Avantis Real Estate ETF Company Profile

The Avantis Real Estate ETF (AVRE) is an exchange-traded fund that is based on the S&P Global REIT index. The fund is an actively managed fund that provides broad exposure to real estate securities around the world. AVRE was launched on Sep 28, 2021 and is managed by American Century Investments.