Avantis Real Estate ETF (NYSEARCA:AVRE) Shares Shorted: Short Interest Down 52.8% in October

Avantis Real Estate ETF (NYSEARCA:AVRE) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 22,099 shares, a decline of 52.8% from the September 30th total of 46,868 shares. Based on an average trading volume of 137,056 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Avantis Real Estate ETF Stock Down 0.0%

Shares of AVRE traded down $0.02 during mid-day trading on Friday, hitting $45.99. The stock had a trading volume of 39,752 shares, compared to its average volume of 68,952. Avantis Real Estate ETF has a fifty-two week low of $42.98 and a fifty-two week high of $49.72. The company has a market cap of $883.05 million, a PE ratio of 28.60 and a beta of 0.89. The company’s fifty day simple moving average is $45.77 and its two-hundred day simple moving average is $46.56.

Institutional Investors Weigh In On Avantis Real Estate ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Torren Management LLC raised its stake in Avantis Real Estate ETF by 14.1% during the third quarter. Torren Management LLC now owns 19,169 shares of the company’s stock worth $850,000 after acquiring an additional 2,375 shares in the last quarter. Aprio Wealth Management LLC bought a new position in Avantis Real Estate ETF in the third quarter valued at about $1,429,000. Modera Wealth Management LLC acquired a new stake in shares of Avantis Real Estate ETF during the 3rd quarter valued at $427,000. Life Planning Partners Inc acquired a new stake in shares of Avantis Real Estate ETF during the third quarter valued at about $1,567,000. Finally, Lam Group Inc. grew its stake in shares of Avantis Real Estate ETF by 4.9% in the third quarter. Lam Group Inc. now owns 141,500 shares of the company’s stock worth $6,276,000 after purchasing an additional 6,560 shares during the last quarter.

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.