Avantis All International Markets Equity ETF (NYSEARCA:AVNM) Sees Significant Drop in Short Interest

Avantis All International Markets Equity ETF (NYSEARCA:AVNM) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 69,882 shares, a drop of 56.7% from the June 30th total of 161,348 shares. Based on an average daily volume of 74,951 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.8% of the shares of the company are sold short.

Hedge Funds Weigh In On Avantis All International Markets Equity ETF

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its position in Avantis All International Markets Equity ETF by 137.5% during the 1st quarter. Royal Bank of Canada now owns 6,947 shares of the company’s stock worth $529,000 after buying an additional 4,022 shares during the last quarter. Acumen Wealth Advisors LLC purchased a new stake in shares of Avantis All International Markets Equity ETF in the first quarter valued at about $1,500,000. Team Financial Group LLC acquired a new position in shares of Avantis All International Markets Equity ETF during the first quarter worth about $30,000. Altus Wealth Group LLC increased its stake in shares of Avantis All International Markets Equity ETF by 5.9% during the first quarter. Altus Wealth Group LLC now owns 30,545 shares of the company’s stock worth $2,327,000 after acquiring an additional 1,698 shares during the period. Finally, Kestra Private Wealth Services LLC raised its holdings in Avantis All International Markets Equity ETF by 42.2% during the first quarter. Kestra Private Wealth Services LLC now owns 35,401 shares of the company’s stock worth $2,697,000 after purchasing an additional 10,500 shares in the last quarter.

Avantis All International Markets Equity ETF Price Performance

Shares of NYSEARCA:AVNM traded down $0.61 during trading on Tuesday, reaching $80.96. The company had a trading volume of 82,034 shares, compared to its average volume of 63,014. The firm has a market capitalization of $680.06 million, a price-to-earnings ratio of 13.10 and a beta of 0.66. The stock’s fifty day moving average price is $82.65 and its 200 day moving average price is $80.54. Avantis All International Markets Equity ETF has a fifty-two week low of $64.77 and a fifty-two week high of $85.48.

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.