Avantis Emerging Markets Value ETF (NYSEARCA:AVES) Short Interest Up 33.6% in January

Avantis Emerging Markets Value ETF (NYSEARCA:AVES) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 125,428 shares, a growth of 33.6% from the December 31st total of 93,885 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 65,739 shares, the days-to-cover ratio is currently 1.9 days. Based on an average daily volume of 65,739 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.8% of the company’s stock are short sold.

Institutional Trading of Avantis Emerging Markets Value ETF

Hedge funds have recently bought and sold shares of the business. Kiker Wealth Management LLC acquired a new stake in shares of Avantis Emerging Markets Value ETF in the 2nd quarter worth about $27,000. Comerica Bank bought a new stake in Avantis Emerging Markets Value ETF during the fourth quarter worth $41,000. PNC Financial Services Group Inc. grew its stake in Avantis Emerging Markets Value ETF by 416.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,464 shares of the company’s stock valued at $132,000 after purchasing an additional 1,987 shares during the period. US Bancorp DE bought a new stake in shares of Avantis Emerging Markets Value ETF during the 3rd quarter worth $153,000. Finally, Private Trust Co. NA grew its position in Avantis Emerging Markets Value ETF by 50.9% during the fourth quarter. Private Trust Co. NA now owns 2,934 shares of the company’s stock valued at $171,000 after buying an additional 990 shares during the period.

Avantis Emerging Markets Value ETF Trading Up 0.4%

Shares of NYSEARCA AVES opened at $62.72 on Wednesday. The firm has a market capitalization of $1.14 billion, a P/E ratio of 10.65 and a beta of 0.66. The firm’s 50-day moving average price is $59.59 and its 200-day moving average price is $57.73. Avantis Emerging Markets Value ETF has a 1-year low of $41.68 and a 1-year high of $64.18.

About Avantis Emerging Markets Value ETF

The Avantis Emerging Markets Value ETF (AVES) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of emerging market equities with lower prices relative to their book values. AVES was launched on Sep 28, 2021 and is managed by American Century Investments.