Avantis International Equity ETF (NYSEARCA:AVDE) Short Interest Up 154.0% in January

Avantis International Equity ETF (NYSEARCA:AVDE) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,076,829 shares, an increase of 154.0% from the January 15th total of 423,987 shares. Based on an average daily volume of 1,470,846 shares, the short-interest ratio is presently 0.7 days. Approximately 0.7% of the company’s shares are sold short. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 1,470,846 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Avantis International Equity ETF

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

Avantis International Equity ETF Stock Performance

NYSEARCA:AVDE traded up $0.32 during mid-day trading on Friday, hitting $90.60. The company had a trading volume of 1,396,065 shares, compared to its average volume of 1,243,079. Avantis International Equity ETF has a fifty-two week low of $58.56 and a fifty-two week high of $91.48. The firm has a market cap of $13.66 billion, a P/E ratio of 14.71 and a beta of 0.84. The business’s fifty day moving average is $84.99 and its two-hundred day moving average is $80.61.

About Avantis International Equity ETF

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.