Avantis Real Estate ETF (NYSEARCA:AVRE – Get Free Report) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 22,099 shares, a decline of 52.8% from the September 30th total of 46,868 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 137,056 shares, the days-to-cover ratio is presently 0.2 days.
Avantis Real Estate ETF Trading Up 0.1%
Shares of NYSEARCA AVRE traded up $0.05 during mid-day trading on Friday, reaching $46.06. The company had a trading volume of 46,017 shares, compared to its average volume of 69,009. The firm has a 50 day simple moving average of $45.72 and a two-hundred day simple moving average of $46.57. The stock has a market cap of $884.35 million, a P/E ratio of 28.60 and a beta of 0.89. Avantis Real Estate ETF has a 52-week low of $42.98 and a 52-week high of $49.72.
Hedge Funds Weigh In On Avantis Real Estate ETF
Several hedge funds have recently made changes to their positions in the company. Empowered Funds LLC increased its stake in Avantis Real Estate ETF by 7.6% in the first quarter. Empowered Funds LLC now owns 1,237,572 shares of the company’s stock valued at $54,478,000 after purchasing an additional 87,835 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Avantis Real Estate ETF by 4.4% in the second quarter. Sequoia Financial Advisors LLC now owns 1,031,592 shares of the company’s stock valued at $48,877,000 after buying an additional 43,925 shares during the last quarter. Financial Plan Inc. boosted its stake in shares of Avantis Real Estate ETF by 18.6% during the first quarter. Financial Plan Inc. now owns 712,325 shares of the company’s stock worth $31,357,000 after buying an additional 111,473 shares during the period. Quantum Financial Advisors LLC boosted its stake in shares of Avantis Real Estate ETF by 7.3% during the second quarter. Quantum Financial Advisors LLC now owns 455,253 shares of the company’s stock worth $21,570,000 after buying an additional 31,011 shares during the period. Finally, ShankerValleau Wealth Advisors Inc. boosted its stake in shares of Avantis Real Estate ETF by 3.3% during the third quarter. ShankerValleau Wealth Advisors Inc. now owns 396,972 shares of the company’s stock worth $17,606,000 after buying an additional 12,808 shares during the period.
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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