Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Get Free Report) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,308,216 shares, an increase of 417.0% from the June 15th total of 446,504 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 1,362,982 shares, the short-interest ratio is presently 1.7 days.
Avantis Emerging Markets Equity ETF Stock Performance
NYSEARCA AVEM traded down $3.06 during trading on Monday, reaching $91.08. The company’s stock had a trading volume of 1,287,690 shares, compared to its average volume of 2,006,314. The firm has a market cap of $25.06 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a twelve month low of $68.27 and a twelve month high of $100.83. The business’s fifty day moving average price is $94.85 and its 200-day moving average price is $87.37.
Hedge Funds Weigh In On Avantis Emerging Markets Equity ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in AVEM. JFS Wealth Advisors LLC lifted its position in Avantis Emerging Markets Equity ETF by 67.3% during the 2nd quarter. JFS Wealth Advisors LLC now owns 276 shares of the company’s stock worth $27,000 after acquiring an additional 111 shares during the period. IFP Advisors Inc increased its holdings in shares of Avantis Emerging Markets Equity ETF by 0.4% in the fourth quarter. IFP Advisors Inc now owns 28,429 shares of the company’s stock valued at $2,190,000 after purchasing an additional 120 shares during the period. Investmark Advisory Group LLC raised its stake in shares of Avantis Emerging Markets Equity ETF by 1.8% during the fourth quarter. Investmark Advisory Group LLC now owns 6,712 shares of the company’s stock worth $517,000 after purchasing an additional 121 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in shares of 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 worth $3,370,000 after purchasing an additional 130 shares during the last quarter. Finally, Hardin Capital Partners LLC lifted its holdings in shares of 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 worth $1,056,000 after purchasing an additional 135 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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