Avantis Emerging Markets Value ETF (NYSEARCA:AVES) Short Interest Up 399.4% in February

Avantis Emerging Markets Value ETF (NYSEARCA:AVES) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 530,108 shares, an increase of 399.4% from the January 29th total of 106,149 shares. Currently, 2.9% of the company’s shares are short sold. Based on an average daily volume of 105,313 shares, the days-to-cover ratio is presently 5.0 days. Based on an average daily volume of 105,313 shares, the days-to-cover ratio is presently 5.0 days. Currently, 2.9% of the company’s shares are short sold.

Hedge Funds Weigh In On Avantis Emerging Markets Value ETF

A number of hedge funds have recently made changes to their positions in AVES. AQR Capital Management LLC boosted its position 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 during the period. Envestnet Asset Management Inc. lifted its stake in shares of Avantis Emerging Markets Value ETF by 7.3% during the second quarter. Envestnet Asset Management Inc. now owns 220,831 shares of the company’s stock worth $11,824,000 after purchasing an additional 15,024 shares in the last quarter. Cloud Capital Management LLC boosted its position in shares of Avantis Emerging Markets Value ETF by 21.3% in the second quarter. Cloud Capital Management LLC now owns 7,237 shares of the company’s stock worth $391,000 after buying an additional 1,273 shares during the period. Entrewealth LLC grew its stake in shares of Avantis Emerging Markets Value ETF by 33.9% in the second quarter. Entrewealth LLC now owns 37,279 shares of the company’s stock valued at $1,996,000 after buying an additional 9,443 shares in the last quarter. Finally, True Wealth Design LLC raised its holdings in shares of Avantis Emerging Markets Value ETF by 566.1% during the 2nd quarter. True Wealth Design LLC now owns 18,990 shares of the company’s stock valued at $1,017,000 after buying an additional 16,139 shares during the period.

Avantis Emerging Markets Value ETF Stock Performance

Shares of NYSEARCA:AVES opened at $66.93 on Thursday. The stock has a 50-day simple moving average of $61.73 and a 200-day simple moving average of $58.82. The stock has a market capitalization of $1.21 billion, a P/E ratio of 10.65 and a beta of 0.66. Avantis Emerging Markets Value ETF has a 1 year low of $41.68 and a 1 year high of $67.01.

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.