Avantis Real Estate ETF (NYSEARCA:AVRE) Sees Large Growth in Short Interest

Avantis Real Estate ETF (NYSEARCA:AVRE) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 46,868 shares, a growth of 113.3% from the September 15th total of 21,974 shares. Based on an average trading volume of 89,521 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the company’s stock are sold short.

Avantis Real Estate ETF Stock Down 0.0%

Avantis Real Estate ETF stock traded down $0.01 during trading hours on Tuesday, hitting $44.77. The stock had a trading volume of 42,173 shares, compared to its average volume of 67,221. Avantis Real Estate ETF has a 12-month low of $42.98 and a 12-month high of $49.72. The stock has a market capitalization of $859.51 million, a P/E ratio of 28.60 and a beta of 0.89. The stock’s 50-day moving average price is $46.55 and its 200-day moving average price is $47.03.

Hedge Funds Weigh In On Avantis Real Estate ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Seaside Wealth Management Inc. raised its stake in shares of Avantis Real Estate ETF by 12.2% during the 4th quarter. Seaside Wealth Management Inc. now owns 265,645 shares of the company’s stock valued at $11,564,000 after buying an additional 28,877 shares during the last quarter. Sentinel Wealth Management Inc. grew its holdings in shares of Avantis Real Estate ETF by 13.6% during the first quarter. Sentinel Wealth Management Inc. now owns 135,448 shares of the company’s stock worth $5,962,000 after buying an additional 16,166 shares in the last quarter. SeedSafe Financial LLC acquired a new stake in shares of Avantis Real Estate ETF in the second quarter valued at approximately $850,000. Sprinkle Financial Consultants LLC increased its position in Avantis Real Estate ETF by 39.9% during the first quarter. Sprinkle Financial Consultants LLC now owns 53,546 shares of the company’s stock worth $2,357,000 after purchasing an additional 15,277 shares during the last quarter. Finally, Prairiewood Capital LLC increased its position in shares of Avantis Real Estate ETF by 8.1% during the 1st quarter. Prairiewood Capital LLC now owns 308,563 shares of the company’s stock worth $13,583,000 after purchasing an additional 23,026 shares during the last quarter.

Avantis Real Estate ETF Company Profile

The Avantis Real Estate ETF (AVRE) is an exchange-traded fund that is based on the S&P Global REIT index. The fund is an actively managed fund that provides broad exposure to real estate securities around the world. AVRE was launched on Sep 28, 2021 and is managed by American Century Investments.