Short Interest in Avantis Emerging Markets Value ETF (NYSEARCA:AVES) Increases By 335.4%

Avantis Emerging Markets Value ETF (NYSEARCA:AVES) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 138,115 shares, an increase of 335.4% from the April 30th total of 31,722 shares. Based on an average daily trading volume, of 68,961 shares, the short-interest ratio is currently 2.0 days. Currently, 0.6% of the company’s stock are short sold.

Avantis Emerging Markets Value ETF Price Performance

Avantis Emerging Markets Value ETF stock opened at $67.74 on Friday. The firm has a 50-day moving average of $63.81 and a 200-day moving average of $61.78. Avantis Emerging Markets Value ETF has a one year low of $50.56 and a one year high of $68.57. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 10.65 and a beta of 0.69.

Institutional Investors Weigh In On Avantis Emerging Markets Value ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in shares of Avantis Emerging Markets Value ETF by 3.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 228,813 shares of the company’s stock valued at $13,127,000 after purchasing an additional 7,982 shares during the period. HighTower Advisors LLC raised its holdings in shares of Avantis Emerging Markets Value ETF by 23.3% in the 3rd quarter. HighTower Advisors LLC now owns 246,896 shares of the company’s stock valued at $14,164,000 after purchasing an additional 46,634 shares during the period. Austin Wealth Management LLC raised its holdings in shares of Avantis Emerging Markets Value ETF by 9.1% in the 4th quarter. Austin Wealth Management LLC now owns 206,384 shares of the company’s stock valued at $12,292,000 after purchasing an additional 17,170 shares during the period. Focus Partners Advisor Solutions LLC raised its holdings in shares of Avantis Emerging Markets Value ETF by 66.8% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 415,994 shares of the company’s stock valued at $24,308,000 after purchasing an additional 166,545 shares during the period. Finally, Accredited Wealth Management LLC raised its holdings in shares of Avantis Emerging Markets Value ETF by 359.7% in the 3rd quarter. Accredited Wealth Management LLC now owns 39,462 shares of the company’s stock valued at $2,264,000 after purchasing an additional 30,877 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.