Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 783,850 shares, a decline of 49.4% from the August 31st total of 1,548,054 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 1,396,921 shares, the short-interest ratio is presently 0.6 days.
Institutional Investors Weigh In On Avantis Emerging Markets Equity ETF
Several hedge funds and other institutional investors have recently modified their holdings of the stock. QRG Capital Management Inc. raised its stake in shares of Avantis Emerging Markets Equity ETF by 31.9% in the second quarter. QRG Capital Management Inc. now owns 16,135 shares of the company’s stock worth $1,557,000 after buying an additional 3,898 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in Avantis Emerging Markets Equity ETF by 0.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 30,820 shares of the company’s stock worth $2,974,000 after acquiring an additional 273 shares during the period. Altar Rock LLC lifted its holdings in Avantis Emerging Markets Equity ETF by 0.4% during the second quarter. Altar Rock LLC now owns 52,998 shares of the company’s stock valued at $5,114,000 after purchasing an additional 198 shares in the last quarter. Cherry Tree Wealth Management LLC lifted its holdings in Avantis Emerging Markets Equity ETF by 4.3% during the second quarter. Cherry Tree Wealth Management LLC now owns 76,432 shares of the company’s stock valued at $7,375,000 after purchasing an additional 3,181 shares in the last quarter. Finally, Blue Edge Capital LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 24.4% in the second quarter. Blue Edge Capital LLC now owns 178,396 shares of the company’s stock worth $17,213,000 after purchasing an additional 35,015 shares during the period.
Avantis Emerging Markets Equity ETF Stock Performance
Shares of AVEM stock traded down $0.01 during mid-day trading on Thursday, hitting $94.01. The company’s stock had a trading volume of 1,812,390 shares, compared to its average volume of 1,924,990. Avantis Emerging Markets Equity ETF has a 52-week low of $72.94 and a 52-week high of $100.83. The business has a 50-day moving average price of $93.35 and a 200 day moving average price of $91.55. The stock has a market cap of $28.39 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75.
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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