Avantis Emerging Markets Small Cap Equity ETF (NYSEARCA:AVEE) Sees Large Increase in Short Interest

Avantis Emerging Markets Small Cap Equity ETF (NYSEARCA:AVEEGet Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 86,813 shares, a growth of 74.6% from the July 15th total of 49,734 shares. Currently, 4.8% of the company’s stock are sold short. Based on an average trading volume of 18,413 shares, the days-to-cover ratio is presently 4.7 days.

Institutional Investors Weigh In On Avantis Emerging Markets Small Cap Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in AVEE. Ares Financial Consulting LLC lifted its position in shares of Avantis Emerging Markets Small Cap Equity ETF by 807.5% during the 2nd quarter. Ares Financial Consulting LLC now owns 2,432 shares of the company’s stock worth $169,000 after purchasing an additional 2,164 shares during the last quarter. Evanson Financial LLC bought a new position in Avantis Emerging Markets Small Cap Equity ETF in the 2nd quarter worth approximately $204,000. Plancorp LLC bought a new position in Avantis Emerging Markets Small Cap Equity ETF in the 4th quarter worth approximately $257,000. Jane Street Group LLC bought a new position in Avantis Emerging Markets Small Cap Equity ETF in the 4th quarter worth approximately $259,000. Finally, B&D White Capital Company LLC acquired a new position in shares of Avantis Emerging Markets Small Cap Equity ETF during the fourth quarter worth approximately $308,000.

Avantis Emerging Markets Small Cap Equity ETF Stock Performance

Shares of AVEE traded down $1.39 during trading hours on Tuesday, hitting $67.43. 5,532 shares of the company were exchanged, compared to its average volume of 14,127. The company has a market cap of $121.37 million, a PE ratio of 13.82 and a beta of 0.69. The firm’s 50 day moving average is $67.77 and its 200-day moving average is $67.69. Avantis Emerging Markets Small Cap Equity ETF has a 52 week low of $60.89 and a 52 week high of $72.93.

Avantis Emerging Markets Small Cap Equity ETF Company Profile

(Get Free Report)

The Avantis Emerging Markets Small Cap Equity ETF (AVEE) is an exchange-traded fund that mostly invests in small-cap stocks. The fund seeks long-term capital appreciation through an actively managed portfolio of small-cap companies in the emerging market equity space, selected based on fundamental criteria. AVEE was launched on Nov 7, 2023 and is issued by American Century Investments.

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