Avantis International Equity ETF (NYSEARCA:AVDE) Short Interest Down 45.1% in June

Avantis International Equity ETF (NYSEARCA:AVDE) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 481,297 shares, a decline of 45.1% from the May 31st total of 876,644 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 1,169,181 shares, the days-to-cover ratio is currently 0.4 days.

Avantis International Equity ETF Stock Up 1.0%

NYSEARCA AVDE traded up $0.93 during trading hours on Thursday, reaching $89.92. 1,370,093 shares of the company were exchanged, compared to its average volume of 1,192,766. The stock has a market capitalization of $17.18 billion, a P/E ratio of 14.71 and a beta of 0.78. Avantis International Equity ETF has a 1 year low of $72.79 and a 1 year high of $92.60. The business’s 50 day simple moving average is $89.95 and its 200-day simple moving average is $87.66.

Institutional Trading of Avantis International Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Avantis International Equity ETF by 19.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 186,126 shares of the company’s stock worth $15,322,000 after purchasing an additional 30,539 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of Avantis International Equity ETF in the fourth quarter worth approximately $7,587,000. Apella Capital LLC increased its stake in shares of Avantis International Equity ETF by 7.9% in the fourth quarter. Apella Capital LLC now owns 682,150 shares of the company’s stock worth $56,155,000 after buying an additional 49,699 shares during the period. Certified Advisory Corp increased its stake in shares of Avantis International Equity ETF by 27.1% in the third quarter. Certified Advisory Corp now owns 35,052 shares of the company’s stock worth $2,766,000 after buying an additional 7,471 shares during the period. Finally, UBS Group AG raised its holdings in Avantis International Equity ETF by 8.6% during the 4th quarter. UBS Group AG now owns 1,061,289 shares of the company’s stock valued at $87,365,000 after buying an additional 83,675 shares during the last quarter.

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.