Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Get Free Report) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 883,806 shares, a decline of 67.4% from the May 14th total of 2,710,244 shares. Based on an average daily trading volume, of 2,627,359 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the company’s stock are sold short.
Avantis Emerging Markets Equity ETF Stock Up 0.4%
Shares of NYSEARCA:AVEM traded up $0.40 during midday trading on Friday, reaching $95.72. 985,169 shares of the company were exchanged, compared to its average volume of 2,059,641. Avantis Emerging Markets Equity ETF has a fifty-two week low of $66.19 and a fifty-two week high of $99.67. The stock has a fifty day simple moving average of $91.32 and a two-hundred day simple moving average of $84.62. The firm has a market cap of $24.96 billion, a PE ratio of 12.66 and a beta of 0.73.
Institutional Investors Weigh In On Avantis Emerging Markets Equity ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of AVEM. Winch Advisory Services LLC bought a new position in shares of Avantis Emerging Markets Equity ETF during the 1st quarter worth approximately $26,000. Glenmede Trust Co. NA acquired a new position in Avantis Emerging Markets Equity ETF during the first quarter worth $31,000. Rothschild Investment LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 192.7% during the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after purchasing an additional 289 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in Avantis Emerging Markets Equity ETF in the fourth quarter valued at $36,000. Finally, Team Financial Group LLC grew its position in Avantis Emerging Markets Equity ETF by 184.2% in the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after purchasing an additional 361 shares in 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.
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