Avantis Emerging Markets Value ETF (NYSEARCA:AVES) Short Interest Up 83.5% in July
by Doug Wharley · The Cerbat GemAvantis Emerging Markets Value ETF (NYSEARCA:AVES – Get Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 273,369 shares, an increase of 83.5% from the July 15th total of 148,962 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 125,674 shares, the short-interest ratio is currently 2.2 days.
Avantis Emerging Markets Value ETF Stock Performance
Avantis Emerging Markets Value ETF stock traded up $0.08 during mid-day trading on Friday, reaching $65.57. The company’s stock had a trading volume of 80,749 shares, compared to its average volume of 123,901. The firm’s fifty day moving average price is $64.85 and its two-hundred day moving average price is $64.25. Avantis Emerging Markets Value ETF has a 12-month low of $55.00 and a 12-month high of $69.06. The company has a market capitalization of $1.49 billion, a P/E ratio of 10.65 and a beta of 0.70.
Hedge Funds Weigh In On Avantis Emerging Markets Value ETF
Hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its holdings in Avantis Emerging Markets Value ETF by 36.4% during the 1st quarter. AQR Capital Management LLC now owns 17,265 shares of the company’s stock worth $814,000 after purchasing an additional 4,605 shares in the last quarter. Betterment LLC increased its position in shares of Avantis Emerging Markets Value ETF by 81.2% during the second quarter. Betterment LLC now owns 9,026 shares of the company’s stock valued at $483,000 after buying an additional 4,045 shares during the period. NCM Capital Management LLC grew its stake in Avantis Emerging Markets Value ETF by 5.3% during the second quarter. NCM Capital Management LLC now owns 17,669 shares of the company’s stock valued at $946,000 after acquiring an additional 893 shares in the last quarter. Jane Street Group LLC grew its stake in Avantis Emerging Markets Value ETF by 497.1% during the second quarter. Jane Street Group LLC now owns 301,100 shares of the company’s stock valued at $16,122,000 after acquiring an additional 250,674 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in Avantis Emerging Markets Value ETF by 3.6% during the 2nd quarter. MML Investors Services LLC now owns 68,007 shares of the company’s stock worth $3,641,000 after acquiring an additional 2,335 shares during the period.
About Avantis Emerging Markets Value ETF
The Avantis Emerging Markets Value ETF (AVES) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of emerging market equities with lower prices relative to their book values. AVES was launched on Sep 28, 2021 and is managed by American Century Investments.