Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Get Free Report) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 2,062,642 shares, a decline of 36.4% from the July 15th total of 3,241,432 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 2,140,736 shares, the short-interest ratio is presently 1.0 days.
Avantis Emerging Markets Equity ETF Price Performance
AVEM traded up $1.03 on Wednesday, hitting $93.07. The company had a trading volume of 1,417,722 shares, compared to its average volume of 1,977,857. The stock has a fifty day simple moving average of $93.06 and a 200-day simple moving average of $89.48. The firm has a market capitalization of $26.49 billion, a P/E ratio of 12.66 and a beta of 0.74. Avantis Emerging Markets Equity ETF has a 52-week low of $70.34 and a 52-week high of $100.83.
Institutional Trading of Avantis Emerging Markets Equity ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the company. JFS Wealth Advisors LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 67.3% in the second quarter. JFS Wealth Advisors LLC now owns 276 shares of the company’s stock worth $27,000 after purchasing an additional 111 shares during the last quarter. Winch Advisory Services LLC bought a new stake in Avantis Emerging Markets Equity ETF in the first quarter worth $26,000. Glenmede Trust Co. NA purchased a new stake in Avantis Emerging Markets Equity ETF during the first quarter valued at $31,000. Rothschild Investment LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 192.7% in the 4th quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after buying an additional 289 shares in the last quarter. Finally, First Community Trust NA increased its holdings in shares of Avantis Emerging Markets Equity ETF by 136.9% in the 2nd quarter. First Community Trust NA now owns 443 shares of the company’s stock worth $43,000 after buying an additional 256 shares during 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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