Avantis Emerging Markets Value ETF (NYSEARCA:AVES) Shares Shorted: Short Interest Up 117.7% in October

Avantis Emerging Markets Value ETF (NYSEARCA:AVES) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 205,936 shares, an increase of 117.7% from the September 30th total of 94,575 shares. Based on an average daily trading volume, of 70,828 shares, the days-to-cover ratio is currently 2.9 days. Currently, 0.9% of the shares of the company are sold short.

Institutional Investors Weigh In On Avantis Emerging Markets Value ETF

Institutional investors have recently bought and sold shares of the company. Signature Equity Partners LLC purchased a new stake in Avantis Emerging Markets Value ETF in the first quarter valued at $47,000. EverSource Wealth Advisors LLC lifted its holdings in Avantis Emerging Markets Value ETF by 895.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the company’s stock valued at $64,000 after purchasing an additional 967 shares in the last quarter. Fifth Third Bancorp boosted its stake in Avantis Emerging Markets Value ETF by 3,124.2% in the 1st quarter. Fifth Third Bancorp now owns 1,999 shares of the company’s stock worth $120,000 after buying an additional 1,937 shares during the last quarter. Sage Rhino Capital LLC acquired a new stake in shares of Avantis Emerging Markets Value ETF in the first quarter worth $201,000. Finally, Evanson Financial LLC purchased a new position in Avantis Emerging Markets Value ETF in the second quarter valued at about $221,000.

Avantis Emerging Markets Value ETF Stock Performance

AVES traded down $1.04 on Friday, hitting $60.37. 149,947 shares of the company were exchanged, compared to its average volume of 114,588. Avantis Emerging Markets Value ETF has a 12 month low of $56.10 and a 12 month high of $69.06. The company has a market cap of $1.46 billion, a PE ratio of 10.65 and a beta of 0.71. The stock’s fifty day moving average is $64.97 and its 200-day moving average is $64.32.

Avantis Emerging Markets Value ETF Company Profile

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.