Short Interest in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Rises By 426.7%

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 1,960,168 shares, a growth of 426.7% from the December 31st total of 372,178 shares. Based on an average daily trading volume, of 1,823,027 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.9% of the company’s stock are short sold. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 1,823,027 shares, the days-to-cover ratio is currently 1.1 days.

Avantis Emerging Markets Equity ETF Price Performance

Avantis Emerging Markets Equity ETF stock opened at $84.60 on Wednesday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $52.52 and a fifty-two week high of $84.62. The firm has a market capitalization of $18.52 billion, a PE ratio of 12.66 and a beta of 0.68. The company’s 50-day moving average is $78.11 and its 200-day moving average is $75.22.

Institutional Investors Weigh In On Avantis Emerging Markets Equity ETF

A number of institutional investors have recently modified their holdings of the business. AQR Capital Management LLC grew its stake in Avantis Emerging Markets Equity ETF by 13.2% during the first quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock worth $1,336,000 after buying an additional 2,596 shares in the last quarter. Fifth Third Securities Inc. grew its holdings in Avantis Emerging Markets Equity ETF by 6.2% during the 2nd quarter. Fifth Third Securities Inc. now owns 19,724 shares of the company’s stock worth $1,352,000 after acquiring an additional 1,148 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 27.3% during the second quarter. Janney Montgomery Scott LLC now owns 29,823 shares of the company’s stock worth $2,044,000 after purchasing an additional 6,387 shares during the period. Claris Advisors LLC MO acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the second quarter valued at about $208,000. Finally, Kavar Capital Partners Group LLC raised its holdings in Avantis Emerging Markets Equity ETF by 2.4% during the 2nd quarter. Kavar Capital Partners Group LLC now owns 158,119 shares of the company’s stock worth $10,837,000 after purchasing an additional 3,747 shares during the last quarter.

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.