Short Interest in Avantis All International Markets Equity ETF (NYSEARCA:AVNM) Increases By 33.7%
by Teresa Graham · The Cerbat GemAvantis All International Markets Equity ETF (NYSEARCA:AVNM – Get Free Report) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 12,864 shares, an increase of 33.7% from the November 30th total of 9,622 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 38,415 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 38,415 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are short sold.
Avantis All International Markets Equity ETF Stock Performance
Shares of AVNM stock traded down $0.15 during trading hours on Thursday, reaching $73.52. The company had a trading volume of 44,221 shares, compared to its average volume of 38,489. The company has a market capitalization of $411.71 million, a P/E ratio of 13.10 and a beta of 0.61. Avantis All International Markets Equity ETF has a twelve month low of $51.41 and a twelve month high of $73.83. The stock’s fifty day simple moving average is $72.18 and its 200 day simple moving average is $69.39.
Institutional Trading of Avantis All International Markets Equity ETF
Hedge funds have recently made changes to their positions in the company. Strathmore Capital Advisors Inc. acquired a new position in shares of Avantis All International Markets Equity ETF during the second quarter worth $935,000. Fortress Wealth Management Inc. purchased a new stake in Avantis All International Markets Equity ETF during the 2nd quarter worth $270,000. Wealth Management Partners LLC purchased a new stake in Avantis All International Markets Equity ETF during the 2nd quarter worth $21,374,000. Oak Wealth Advisors LLC lifted its holdings in Avantis All International Markets Equity ETF by 58.8% in the 2nd quarter. Oak Wealth Advisors LLC now owns 11,696 shares of the company’s stock worth $764,000 after buying an additional 4,332 shares in the last quarter. Finally, XY Planning Network Inc. purchased a new position in Avantis All International Markets Equity ETF in the 2nd quarter valued at about $212,000.
About Avantis All International Markets Equity ETF
The Avantis All International Markets Equity ETF (AVNM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in international equity portfolios, typically heavily weighted towards developed markets outside the US. It seeks long-term capital appreciation through securities with higher expected returns. AVNM was launched on Jun 27, 2023 and is managed by American Century Investments.