Avantis International Equity ETF (NYSEARCA:AVDE) Short Interest Down 59.4% in August

Avantis International Equity ETF (NYSEARCA:AVDE) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 367,341 shares, a decline of 59.4% from the July 30th total of 904,393 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 920,491 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Align Financial LLC acquired a new stake in Avantis International Equity ETF in the 4th quarter valued at about $1,117,525,000. Corient Private Wealth LLC grew its position in shares of Avantis International Equity ETF by 61.5% in the fourth quarter. Corient Private Wealth LLC now owns 5,824,926 shares of the company’s stock valued at $479,508,000 after purchasing an additional 2,219,229 shares during the last quarter. Maseco LLP purchased a new stake in Avantis International Equity ETF in the 1st quarter valued at approximately $166,156,000. Advance Capital Management Inc. grew its holdings in Avantis International Equity ETF by 1,709.5% during the 1st quarter. Advance Capital Management Inc. now owns 1,732,496 shares of the company’s stock valued at $146,985,000 after buying an additional 1,636,753 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Avantis International Equity ETF by 134.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,703,438 shares of the company’s stock valued at $213,301,000 after buying an additional 1,552,177 shares during the last quarter.

Avantis International Equity ETF Price Performance

NYSEARCA AVDE opened at $94.29 on Friday. Avantis International Equity ETF has a 1-year low of $75.68 and a 1-year high of $94.82. The company has a market capitalization of $18.78 billion, a P/E ratio of 14.71 and a beta of 0.78. The business has a 50 day moving average price of $91.23 and a 200 day moving average price of $89.69.

About Avantis International Equity ETF

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.