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

Avantis All International Markets Equity ETF (NYSEARCA:AVNM) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 120,798 shares, an increase of 93.2% from the April 15th total of 62,537 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average daily volume of 45,373 shares, the days-to-cover ratio is presently 2.7 days.

Avantis All International Markets Equity ETF Price Performance

NYSEARCA AVNM traded down $1.92 during trading on Friday, hitting $81.91. 114,474 shares of the company’s stock traded hands, compared to its average volume of 66,441. The stock has a fifty day moving average of $79.24 and a two-hundred day moving average of $76.78. Avantis All International Markets Equity ETF has a 12-month low of $62.13 and a 12-month high of $84.25. The firm has a market cap of $622.52 million, a P/E ratio of 13.10 and a beta of 0.65.

Institutional Investors Weigh In On Avantis All International Markets Equity ETF

Several institutional investors have recently bought and sold shares of AVNM. Merit Financial Group LLC grew its position in Avantis All International Markets Equity ETF by 9.1% during the 4th quarter. Merit Financial Group LLC now owns 1,944,852 shares of the company’s stock worth $142,986,000 after acquiring an additional 162,230 shares during the last quarter. Geometric Wealth Advisors lifted its position in Avantis All International Markets Equity ETF by 1.5% in the fourth quarter. Geometric Wealth Advisors now owns 684,435 shares of the company’s stock valued at $50,320,000 after purchasing an additional 9,946 shares during the last quarter. Wealth Management Partners LLC boosted its stake in shares of Avantis All International Markets Equity ETF by 12.5% during the first quarter. Wealth Management Partners LLC now owns 380,960 shares of the company’s stock valued at $29,018,000 after purchasing an additional 42,284 shares during the period. BWM Planning LLC grew its holdings in shares of Avantis All International Markets Equity ETF by 28.9% in the fourth quarter. BWM Planning LLC now owns 335,347 shares of the company’s stock worth $24,655,000 after purchasing an additional 75,249 shares during the last quarter. Finally, Duncan Williams Asset Management LLC increased its stake in shares of Avantis All International Markets Equity ETF by 3,251.6% in the fourth quarter. Duncan Williams Asset Management LLC now owns 280,261 shares of the company’s stock worth $22,214,000 after buying an additional 271,899 shares during the period.

Avantis All International Markets Equity ETF Company Profile

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.