Avantis Real Estate ETF (NYSEARCA:AVRE – Get Free Report) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 46,868 shares, a growth of 113.3% from the September 15th total of 21,974 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 89,521 shares, the short-interest ratio is presently 0.5 days.
Hedge Funds Weigh In On Avantis Real Estate ETF
Large investors have recently bought and sold shares of the stock. Seaside Wealth Management Inc. lifted its holdings in shares of Avantis Real Estate ETF by 12.2% in the fourth quarter. Seaside Wealth Management Inc. now owns 265,645 shares of the company’s stock valued at $11,564,000 after buying an additional 28,877 shares during the period. Sentinel Wealth Management Inc. boosted its stake in Avantis Real Estate ETF by 13.6% during the first quarter. Sentinel Wealth Management Inc. now owns 135,448 shares of the company’s stock valued at $5,962,000 after buying an additional 16,166 shares in the last quarter. SeedSafe Financial LLC bought a new position in Avantis Real Estate ETF during the second quarter valued at about $850,000. Sprinkle Financial Consultants LLC boosted its stake in Avantis Real Estate ETF by 39.9% during the first quarter. Sprinkle Financial Consultants LLC now owns 53,546 shares of the company’s stock valued at $2,357,000 after buying an additional 15,277 shares in the last quarter. Finally, Prairiewood Capital LLC boosted its stake in Avantis Real Estate ETF by 8.1% during the first quarter. Prairiewood Capital LLC now owns 308,563 shares of the company’s stock valued at $13,583,000 after buying an additional 23,026 shares in the last quarter.
Avantis Real Estate ETF Price Performance
Shares of NYSEARCA AVRE traded down $0.28 during midday trading on Wednesday, reaching $44.51. 97,420 shares of the company traded hands, compared to its average volume of 68,095. The company has a market cap of $854.59 million, a price-to-earnings ratio of 28.60 and a beta of 0.89. The stock has a 50-day moving average price of $46.47 and a 200 day moving average price of $47.04. Avantis Real Estate ETF has a 52 week low of $42.98 and a 52 week high of $49.72.
About Avantis Real Estate ETF
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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