Avantis Real Estate ETF (NYSEARCA:AVRE) Short Interest Update

Avantis Real Estate ETF (NYSEARCA:AVRE) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 27,744 shares, an increase of 33.6% from the November 30th total of 20,761 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 48,602 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 48,602 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

Avantis Real Estate ETF Stock Up 0.2%

AVRE stock traded up $0.08 during mid-day trading on Tuesday, reaching $43.88. The company had a trading volume of 94,260 shares, compared to its average volume of 52,343. Avantis Real Estate ETF has a one year low of $37.71 and a one year high of $45.43. The stock has a market capitalization of $658.20 million, a P/E ratio of 28.60 and a beta of 0.93. The stock’s 50-day simple moving average is $44.03 and its two-hundred day simple moving average is $44.26.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. OLD Mission Capital LLC bought a new position in Avantis Real Estate ETF in the 1st quarter worth about $645,000. Focus Partners Advisor Solutions LLC boosted its position in shares of Avantis Real Estate ETF by 97.9% during the first quarter. Focus Partners Advisor Solutions LLC now owns 57,148 shares of the company’s stock worth $2,458,000 after buying an additional 28,270 shares during the period. AQR Capital Management LLC boosted its position in shares of Avantis Real Estate ETF by 38.9% during the first quarter. AQR Capital Management LLC now owns 29,597 shares of the company’s stock worth $1,273,000 after buying an additional 8,289 shares during the period. Jones Financial Companies Lllp grew its holdings in Avantis Real Estate ETF by 3,704.8% in the 1st quarter. Jones Financial Companies Lllp now owns 25,911 shares of the company’s stock worth $1,114,000 after buying an additional 25,230 shares in the last quarter. Finally, Empowered Funds LLC increased its position in Avantis Real Estate ETF by 1.1% in the 1st quarter. Empowered Funds LLC now owns 1,201,130 shares of the company’s stock valued at $51,661,000 after acquiring an additional 13,336 shares during the period.

About Avantis Real Estate ETF

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.