Avantis Real Estate ETF (NYSEARCA:AVRE) Sees Large Drop in Short Interest

by · The Cerbat Gem

Avantis Real Estate ETF (NYSEARCA:AVRE – Get Free Report) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 101,232 shares, a drop of 63.0% from the April 15th total of 273,415 shares. Based on an average trading volume of 37,315 shares, the days-to-cover ratio is presently 2.7 days. Currently, 0.6% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AVRE. Root Financial Partners LLC acquired a new position in shares of Avantis Real Estate ETF during the first quarter worth about $61,000. Farther Finance Advisors LLC lifted its stake in shares of Avantis Real Estate ETF by 749.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,013 shares of the company’s stock worth $88,000 after purchasing an additional 1,776 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new position in shares of Avantis Real Estate ETF during the fourth quarter worth about $91,000. Torren Management LLC acquired a new position in shares of Avantis Real Estate ETF during the fourth quarter worth about $182,000. Finally, W.H. Cornerstone Investments Inc. acquired a new position in shares of Avantis Real Estate ETF during the third quarter worth about $201,000.

Avantis Real Estate ETF Stock Performance

Avantis Real Estate ETF stock traded down $0.12 during midday trading on Thursday, reaching $47.35. The stock had a trading volume of 50,866 shares, compared to its average volume of 61,846. Avantis Real Estate ETF has a twelve month low of $42.83 and a twelve month high of $48.20. The stock has a market capitalization of $795.48 million, a PE ratio of 28.60 and a beta of 0.92. The stock’s 50-day simple moving average is $46.05 and its 200 day simple moving average is $45.12.

Avantis Real Estate ETF Company Profile

(Get Free Report)

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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