Avantis International Equity ETF (NYSEARCA:AVDE) Sees Large Decline in Short Interest

Avantis International Equity ETF (NYSEARCA:AVDE) saw a large drop in short interest in January. As of January 15th, there was short interest totaling 423,987 shares, a drop of 74.9% from the December 31st total of 1,688,339 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 924,990 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 924,990 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are short sold.

Avantis International Equity ETF Stock Performance

AVDE traded down $0.67 during midday trading on Wednesday, hitting $87.84. The stock had a trading volume of 948,404 shares, compared to its average volume of 1,137,256. Avantis International Equity ETF has a 1 year low of $58.56 and a 1 year high of $88.67. The business has a fifty day moving average of $82.84 and a 200 day moving average of $79.43. The company has a market cap of $12.86 billion, a P/E ratio of 14.71 and a beta of 0.84.

Institutional Trading of Avantis International Equity ETF

Institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. grew its position in Avantis International Equity ETF by 357.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,932,115 shares of the company’s stock worth $388,855,000 after acquiring an additional 3,853,677 shares during the last quarter. Vantagepoint Investment Advisers LLC purchased a new stake in shares of Avantis International Equity ETF during the third quarter valued at approximately $232,644,000. Envestnet Asset Management Inc. grew its holdings in shares of Avantis International Equity ETF by 140.6% in the third quarter. Envestnet Asset Management Inc. now owns 4,068,689 shares of the company’s stock worth $321,020,000 after purchasing an additional 2,377,932 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Avantis International Equity ETF by 345.0% in the third quarter. PNC Financial Services Group Inc. now owns 2,639,746 shares of the company’s stock worth $208,276,000 after purchasing an additional 2,046,558 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Avantis International Equity ETF by 134.8% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,703,438 shares of the company’s stock worth $213,301,000 after buying an additional 1,552,177 shares during the period.

Avantis International Equity ETF Company Profile

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.