Avantis All International Markets Equity ETF (NYSEARCA:AVNM – Get Free Report) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 81,258 shares, an increase of 105.6% from the May 14th total of 39,531 shares. Based on an average daily volume of 46,466 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.1% of the company’s stock are short sold.
Institutional Trading of Avantis All International Markets Equity ETF
Hedge funds have recently made changes to their positions in the stock. CWM LLC boosted its position in shares of Avantis All International Markets Equity ETF by 188.8% in the 4th quarter. CWM LLC now owns 335 shares of the company’s stock worth $25,000 after purchasing an additional 219 shares in the last quarter. Team Financial Group LLC bought a new stake in shares of Avantis All International Markets Equity ETF in the 1st quarter worth approximately $30,000. Allworth Financial LP bought a new stake in shares of Avantis All International Markets Equity ETF in the 4th quarter worth approximately $36,000. Global Retirement Partners LLC purchased a new position in Avantis All International Markets Equity ETF in the 4th quarter worth approximately $99,000. Finally, Frankly Finances LLC purchased a new position in Avantis All International Markets Equity ETF in the 4th quarter worth approximately $202,000.
Avantis All International Markets Equity ETF Stock Performance
Shares of AVNM traded up $0.60 during mid-day trading on Friday, reaching $83.29. The company had a trading volume of 60,131 shares, compared to its average volume of 63,943. The firm has a 50-day moving average price of $82.05 and a 200 day moving average price of $78.45. Avantis All International Markets Equity ETF has a 52 week low of $63.61 and a 52 week high of $85.29. The company has a market capitalization of $633.00 million, a price-to-earnings ratio of 13.10 and a beta of 0.65.
About Avantis All International Markets Equity ETF
The Avantis All International Markets Equity ETF (AVNM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in international equity portfolios, typically heavily weighted towards developed markets outside the US. It seeks long-term capital appreciation through securities with higher expected returns. AVNM was launched on Jun 27, 2023 and is managed by American Century Investments.
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