Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Short Interest Update

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 2,308,216 shares, a growth of 417.0% from the June 15th total of 446,504 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 1,362,982 shares, the days-to-cover ratio is currently 1.7 days.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA AVEM opened at $94.14 on Friday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $68.27 and a fifty-two week high of $100.83. The stock’s 50-day moving average is $94.85 and its two-hundred day moving average is $87.30. The firm has a market cap of $25.90 billion, a P/E ratio of 12.66 and a beta of 0.73.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC grew its holdings 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 valued at $1,336,000 after purchasing an additional 2,596 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the second quarter worth $287,000. Diversify Advisory Services LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the second quarter worth $478,000. Diversify Wealth Management LLC boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 20.3% during the 2nd quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock worth $946,000 after buying an additional 2,244 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 74.1% during the 2nd quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock worth $1,010,000 after buying an additional 6,271 shares during the period.

About Avantis Emerging Markets Equity ETF

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.