Avantis Real Estate ETF (NYSEARCA:AVRE – Get Free Report) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 101,232 shares, a decline of 63.0% from the April 15th total of 273,415 shares. Based on an average daily volume of 37,315 shares, the short-interest ratio is currently 2.7 days. Approximately 0.6% of the shares of the stock are sold short.
Hedge Funds Weigh In On Avantis Real Estate ETF
A number of institutional investors and hedge funds have recently made changes to their positions in AVRE. Empowered Funds LLC bought a new position in shares of Avantis Real Estate ETF during the 4th quarter worth about $50,048,000. Sequoia Financial Advisors LLC boosted its position in shares of Avantis Real Estate ETF by 169.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 987,667 shares of the company’s stock worth $43,477,000 after purchasing an additional 620,655 shares in the last quarter. Financial Plan Inc. bought a new position in shares of Avantis Real Estate ETF during the 4th quarter worth about $26,155,000. Focus Partners Advisor Solutions LLC boosted its position in shares of Avantis Real Estate ETF by 96.8% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 634,648 shares of the company’s stock worth $28,190,000 after purchasing an additional 312,084 shares in the last quarter. Finally, Nicolet Advisory Services LLC boosted its position in shares of Avantis Real Estate ETF by 46.7% during the 3rd quarter. Nicolet Advisory Services LLC now owns 478,625 shares of the company’s stock worth $21,103,000 after purchasing an additional 152,261 shares in the last quarter.
Avantis Real Estate ETF Stock Down 1.5%
Shares of NYSEARCA:AVRE traded down $0.69 during trading on Friday, hitting $46.66. 32,592 shares of the company were exchanged, compared to its average volume of 61,531. The business’s 50 day moving average is $46.06 and its 200-day moving average is $45.15. The company has a market capitalization of $783.89 million, a P/E ratio of 28.60 and a beta of 0.92. Avantis Real Estate ETF has a 1-year low of $42.83 and a 1-year high of $48.20.
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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