Avantis Real Estate ETF (NYSEARCA:AVRE – Get Free Report) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 159,825 shares, an increase of 81.1% from the May 14th total of 88,236 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 69,276 shares, the days-to-cover ratio is presently 2.3 days.
Avantis Real Estate ETF Price Performance
AVRE stock traded down $0.04 during trading on Monday, reaching $47.93. 52,922 shares of the company were exchanged, compared to its average volume of 62,321. Avantis Real Estate ETF has a twelve month low of $42.98 and a twelve month high of $48.34. The company has a 50-day moving average of $47.11 and a two-hundred day moving average of $45.63. The company has a market capitalization of $805.22 million, a price-to-earnings ratio of 28.60 and a beta of 0.90.
Hedge Funds Weigh In On Avantis Real Estate ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Equita Financial Network Inc. boosted its stake in shares of Avantis Real Estate ETF by 10.8% in the 4th quarter. Equita Financial Network Inc. now owns 208,603 shares of the company’s stock valued at $9,080,000 after purchasing an additional 20,318 shares during the last quarter. Nicolet Advisory Services LLC boosted its stake in shares of Avantis Real Estate ETF by 46.7% in the 3rd quarter. Nicolet Advisory Services LLC now owns 478,625 shares of the company’s stock valued at $21,103,000 after purchasing an additional 152,261 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of Avantis Real Estate ETF by 12.2% in the 4th quarter. Park Avenue Securities LLC now owns 113,430 shares of the company’s stock valued at $4,938,000 after purchasing an additional 12,356 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Avantis Real Estate ETF by 17.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 210,300 shares of the company’s stock valued at $9,354,000 after purchasing an additional 31,073 shares during the last quarter. Finally, Networth Advisors LLC bought a new stake in shares of Avantis Real Estate ETF in the 4th quarter valued at $2,851,000.
Avantis Real Estate ETF Company Profile
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.
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