Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sees Significant Growth in Short Interest

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Comerica Bank raised its position in Avantis Emerging Markets Equity ETF by 14.7% in the 4th quarter. Comerica Bank now owns 56,708 shares of the company’s stock worth $4,368,000 after purchasing an additional 7,284 shares during the period. Ashton Thomas Private Wealth LLC grew its position in shares of Avantis Emerging Markets Equity ETF by 109.6% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 82,023 shares of the company’s stock worth $6,317,000 after buying an additional 42,883 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 84.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 44,230 shares of the company’s stock valued at $3,407,000 after buying an additional 20,309 shares during the period. James Investment Research Inc. lifted its stake in Avantis Emerging Markets Equity ETF by 17.2% in the fourth quarter. James Investment Research Inc. now owns 8,970 shares of the company’s stock worth $691,000 after acquiring an additional 1,314 shares during the period. Finally, Concord Asset Management LLC VA boosted its holdings in Avantis Emerging Markets Equity ETF by 4.8% in the fourth quarter. Concord Asset Management LLC VA now owns 228,930 shares of the company’s stock valued at $17,632,000 after acquiring an additional 10,525 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Down 0.4%

Shares of AVEM stock traded down $0.30 during trading on Thursday, hitting $84.91. The company had a trading volume of 2,524,725 shares, compared to its average volume of 1,759,622. The stock’s 50-day moving average is $78.30 and its two-hundred day moving average is $75.29. The stock has a market capitalization of $18.59 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a 52 week low of $52.52 and a 52 week high of $85.65.

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.