Short Interest in Avantis Emerging Markets Value ETF (NYSEARCA:AVES) Decreases By 87.7%

by · The Markets Daily

Avantis Emerging Markets Value ETF (NYSEARCA:AVES – Get Free Report) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 55,251 shares, a decrease of 87.7% from the June 15th total of 447,461 shares. Based on an average daily trading volume, of 108,948 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Avantis Emerging Markets Value ETF

Several hedge funds and other institutional investors have recently made changes to their positions in AVES. Comerica Bank acquired a new position in Avantis Emerging Markets Value ETF during the 4th quarter worth approximately $41,000. Signature Equity Partners LLC acquired a new stake in Avantis Emerging Markets Value ETF in the first quarter valued at approximately $47,000. EverSource Wealth Advisors LLC boosted its position in Avantis Emerging Markets Value ETF by 895.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the company’s stock valued at $64,000 after buying an additional 967 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Avantis Emerging Markets Value ETF by 3,124.2% during the first quarter. Fifth Third Bancorp now owns 1,999 shares of the company’s stock worth $120,000 after buying an additional 1,937 shares during the last quarter. Finally, Royal Bank of Canada bought a new stake in shares of Avantis Emerging Markets Value ETF during the fourth quarter worth $136,000.

Avantis Emerging Markets Value ETF Trading Up 1.3%

Avantis Emerging Markets Value ETF stock traded up $0.86 during midday trading on Friday, reaching $65.63. The company’s stock had a trading volume of 98,976 shares, compared to its average volume of 125,884. Avantis Emerging Markets Value ETF has a 52 week low of $53.43 and a 52 week high of $69.06. The business has a 50-day moving average price of $66.29 and a 200-day moving average price of $63.53. The stock has a market cap of $1.49 billion, a PE ratio of 10.65 and a beta of 0.70.

About Avantis Emerging Markets Value ETF

(Get Free Report)

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.

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