Avantis All International Markets Equity ETF (NYSEARCA:AVNM) Sees Large Decline in Short Interest

Avantis All International Markets Equity ETF (NYSEARCA:AVNM) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 39,531 shares, a decline of 67.3% from the April 30th total of 120,798 shares. Based on an average daily volume of 49,329 shares, the short-interest ratio is presently 0.8 days. Approximately 0.5% of the shares of the company are short sold.

Avantis All International Markets Equity ETF Price Performance

AVNM opened at $84.63 on Monday. The firm has a market capitalization of $643.19 million, a P/E ratio of 13.10 and a beta of 0.65. The stock’s 50 day moving average price is $80.48 and its two-hundred day moving average price is $77.66. Avantis All International Markets Equity ETF has a 12-month low of $63.10 and a 12-month high of $85.05.

Institutional Investors Weigh In On Avantis All International Markets Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of AVNM. CWM LLC increased its position in Avantis All International Markets Equity ETF by 188.8% during the fourth quarter. CWM LLC now owns 335 shares of the company’s stock worth $25,000 after acquiring an additional 219 shares during the period. Team Financial Group LLC bought a new stake in Avantis All International Markets Equity ETF in the 1st quarter valued at $30,000. Allworth Financial LP acquired a new stake in Avantis All International Markets Equity ETF in the 4th quarter worth $36,000. Global Retirement Partners LLC acquired a new stake in Avantis All International Markets Equity ETF in the 4th quarter worth $99,000. Finally, Frankly Finances LLC bought a new position in shares of Avantis All International Markets Equity ETF during the 4th quarter worth about $202,000.

About Avantis All International Markets Equity ETF

The Avantis All International Markets Equity ETF (AVNM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in international equity portfolios, typically heavily weighted towards developed markets outside the US. It seeks long-term capital appreciation through securities with higher expected returns. AVNM was launched on Jun 27, 2023 and is managed by American Century Investments.