Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Get Free Report) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 446,504 shares, a drop of 49.5% from the May 31st total of 883,806 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 1,774,056 shares, the days-to-cover ratio is currently 0.3 days.
Avantis Emerging Markets Equity ETF Stock Down 3.1%
Shares of NYSEARCA AVEM traded down $2.95 during trading on Wednesday, hitting $93.54. 1,881,248 shares of the company traded hands, compared to its average volume of 1,994,679. The firm has a market capitalization of $25.41 billion, a P/E ratio of 12.66 and a beta of 0.73. The company has a 50-day moving average price of $94.13 and a 200-day moving average price of $86.38. Avantis Emerging Markets Equity ETF has a 1 year low of $68.15 and a 1 year high of $100.83.
Institutional Investors Weigh In On Avantis Emerging Markets Equity ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc grew its holdings in shares of Avantis Emerging Markets Equity ETF by 0.4% during the 4th quarter. IFP Advisors Inc now owns 28,429 shares of the company’s stock worth $2,190,000 after purchasing an additional 120 shares during the period. Investmark Advisory Group LLC raised its holdings in Avantis Emerging Markets Equity ETF by 1.8% in the fourth quarter. Investmark Advisory Group LLC now owns 6,712 shares of the company’s stock valued at $517,000 after buying an additional 121 shares during the period. Dynamic Advisor Solutions LLC lifted its position in Avantis Emerging Markets Equity ETF by 0.3% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 43,758 shares of the company’s stock valued at $3,370,000 after buying an additional 130 shares in the last quarter. Hardin Capital Partners LLC lifted its position in Avantis Emerging Markets Equity ETF by 1.0% during the fourth quarter. Hardin Capital Partners LLC now owns 13,713 shares of the company’s stock valued at $1,056,000 after buying an additional 135 shares in the last quarter. Finally, BLVD Private Wealth LLC grew its stake in Avantis Emerging Markets Equity ETF by 0.6% during the fourth quarter. BLVD Private Wealth LLC now owns 22,285 shares of the company’s stock worth $1,716,000 after buying an additional 140 shares during the period.
About Avantis Emerging Markets Equity ETF
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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