Short Interest in Avantis Real Estate ETF (NYSEARCA:AVRE) Grows By 68.7%

Avantis Real Estate ETF (NYSEARCA:AVRE) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 171,720 shares, a growth of 68.7% from the June 30th total of 101,797 shares. Based on an average daily volume of 52,480 shares, the days-to-cover ratio is currently 3.3 days. Approximately 1.0% of the company’s shares are short sold.

Avantis Real Estate ETF Stock Down 0.8%

Shares of Avantis Real Estate ETF stock opened at $48.70 on Friday. The firm has a market cap of $871.73 million, a PE ratio of 28.60 and a beta of 0.90. Avantis Real Estate ETF has a 52 week low of $42.98 and a 52 week high of $49.72. The business’s fifty day simple moving average is $47.91 and its 200-day simple moving average is $46.67.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AVRE. Equita Financial Network Inc. lifted its holdings in shares of Avantis Real Estate ETF by 10.8% in the 4th quarter. Equita Financial Network Inc. now owns 208,603 shares of the company’s stock worth $9,080,000 after acquiring an additional 20,318 shares during the last quarter. Networth Advisors LLC acquired a new stake in Avantis Real Estate ETF in the 4th quarter valued at approximately $2,851,000. Vestment Financial LLC raised its position in Avantis Real Estate ETF by 10.1% in the fourth quarter. Vestment Financial LLC now owns 152,563 shares of the company’s stock valued at $6,711,000 after purchasing an additional 14,057 shares during the period. Seaside Wealth Management Inc. raised its position in Avantis Real Estate ETF by 12.2% in the fourth quarter. Seaside Wealth Management Inc. now owns 265,645 shares of the company’s stock valued at $11,564,000 after purchasing an additional 28,877 shares during the period. Finally, Financial Plan Inc. acquired a new position in Avantis Real Estate ETF during the fourth quarter worth $26,155,000.

Avantis Real Estate ETF Company Profile

The Avantis Real Estate ETF (AVRE) is an exchange-traded fund that is based on the S&P Global REIT index. The fund is an actively managed fund that provides broad exposure to real estate securities around the world. AVRE was launched on Sep 28, 2021 and is managed by American Century Investments.