Short Interest in Avantis All International Markets Equity ETF (NYSEARCA:AVNM) Expands By 105.6%

Avantis All International Markets Equity ETF (NYSEARCA:AVNM) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 81,258 shares, a growth of 105.6% from the May 14th total of 39,531 shares. Based on an average daily volume of 46,466 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.1% of the shares of the stock are sold short.

Avantis All International Markets Equity ETF Stock Performance

NYSEARCA AVNM traded up $1.14 during trading on Monday, hitting $84.43. The stock had a trading volume of 18,488 shares, compared to its average volume of 63,537. The stock has a market capitalization of $641.67 million, a price-to-earnings ratio of 13.10 and a beta of 0.65. Avantis All International Markets Equity ETF has a one year low of $63.61 and a one year high of $85.29. The stock has a 50 day simple moving average of $82.05 and a 200 day simple moving average of $78.50.

Institutional Investors Weigh In On Avantis All International Markets Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AVNM. Edge Financial Advisors LLC grew its position in shares of Avantis All International Markets Equity ETF by 279.8% in the 4th quarter. Edge Financial Advisors LLC now owns 164,799 shares of the company’s stock worth $12,116,000 after buying an additional 121,403 shares during the last quarter. Wealth Management Partners LLC grew its position in Avantis All International Markets Equity ETF by 2.6% during the 4th quarter. Wealth Management Partners LLC now owns 338,676 shares of the company’s stock worth $24,899,000 after purchasing an additional 8,654 shares during the last quarter. Truist Financial Corp lifted its stake in shares of Avantis All International Markets Equity ETF by 3.9% in the 4th quarter. Truist Financial Corp now owns 204,500 shares of the company’s stock valued at $15,035,000 after purchasing an additional 7,753 shares during the period. Farther Finance Advisors LLC acquired a new position in shares of Avantis All International Markets Equity ETF in the 4th quarter valued at $1,313,000. Finally, Geometric Wealth Advisors lifted its stake in shares of Avantis All International Markets Equity ETF by 1.5% in the 4th 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 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.