Short Interest in Avantis Real Estate ETF (NYSEARCA:AVRE) Rises By 37.0%

Avantis Real Estate ETF (NYSEARCA:AVRE) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 38,015 shares, an increase of 37.0% from the December 15th total of 27,744 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 95,899 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 95,899 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Trading of Avantis Real Estate ETF

Several institutional investors have recently made changes to their positions in the company. W.H. Cornerstone Investments Inc. purchased a new stake in shares of Avantis Real Estate ETF in the third quarter valued at about $201,000. Tortoise Investment Management LLC increased its stake in Avantis Real Estate ETF by 22.9% in the 3rd quarter. Tortoise Investment Management LLC now owns 4,825 shares of the company’s stock valued at $215,000 after buying an additional 900 shares during the last quarter. Clune & Associates LTD. lifted its position in shares of Avantis Real Estate ETF by 5.5% during the 2nd quarter. Clune & Associates LTD. now owns 4,985 shares of the company’s stock worth $220,000 after buying an additional 262 shares in the last quarter. Curio Wealth LLC grew its holdings in shares of Avantis Real Estate ETF by 48,318.2% in the second quarter. Curio Wealth LLC now owns 5,326 shares of the company’s stock valued at $235,000 after acquiring an additional 5,315 shares in the last quarter. Finally, FMB Wealth Management increased its position in shares of Avantis Real Estate ETF by 10.1% during the second quarter. FMB Wealth Management now owns 5,800 shares of the company’s stock valued at $256,000 after acquiring an additional 533 shares during the last quarter.

Avantis Real Estate ETF Stock Performance

AVRE traded up $0.48 during midday trading on Friday, reaching $45.19. 48,095 shares of the company were exchanged, compared to its average volume of 61,327. The company has a market cap of $704.96 million, a price-to-earnings ratio of 28.60 and a beta of 0.93. Avantis Real Estate ETF has a one year low of $37.71 and a one year high of $45.43. The company’s fifty day moving average price is $43.91 and its 200 day moving average price is $44.23.

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.