Avantis International Equity ETF (NYSEARCA:AVDE) Short Interest Up 24.1% in December

Avantis International Equity ETF (NYSEARCA:AVDE) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 1,688,339 shares, a growth of 24.1% from the December 15th total of 1,360,654 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 804,854 shares, the short-interest ratio is presently 2.1 days. Based on an average daily trading volume, of 804,854 shares, the short-interest ratio is presently 2.1 days. Approximately 1.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Glassman Wealth Services bought a new position in Avantis International Equity ETF during the 2nd quarter valued at about $25,000. Evolution Wealth Management Inc. purchased a new position in shares of Avantis International Equity ETF during the second quarter valued at approximately $32,000. US Bancorp DE bought a new position in Avantis International Equity ETF during the third quarter valued at approximately $47,000. AdvisorNet Financial Inc boosted its holdings in Avantis International Equity ETF by 234.4% in the second quarter. AdvisorNet Financial Inc now owns 642 shares of the company’s stock worth $48,000 after purchasing an additional 450 shares during the last quarter. Finally, Bessemer Group Inc. bought a new stake in Avantis International Equity ETF in the 2nd quarter worth approximately $57,000.

Avantis International Equity ETF Price Performance

NYSEARCA AVDE traded up $0.24 during mid-day trading on Friday, reaching $85.55. The stock had a trading volume of 1,524,061 shares, compared to its average volume of 979,396. The stock has a market cap of $12.31 billion, a PE ratio of 14.71 and a beta of 0.84. Avantis International Equity ETF has a 1 year low of $58.56 and a 1 year high of $85.61. The company has a fifty day moving average price of $81.77 and a 200 day moving average price of $78.74.

Avantis International Equity ETF Company Profile

The Avantis International Equity ETF (AVDE) is an exchange-traded fund that is based on the MSCI WORLD EX USA IMI INDEX index. The fund is an actively managed portfolio of non-US companies from developed markets, of all market capitalizations, focusing on smaller, value companies. AVDE was launched on Sep 24, 2019 and is managed by American Century Investments.