Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sees Significant Drop in Short Interest

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) was the recipient of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 1,461,500 shares, a decrease of 25.4% from the January 15th total of 1,960,168 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 1,702,273 shares, the short-interest ratio is currently 0.9 days. Based on an average trading volume of 1,702,273 shares, the short-interest ratio is currently 0.9 days. Approximately 0.7% of the shares of the company are short sold.

Avantis Emerging Markets Equity ETF Stock Up 0.4%

Shares of NYSEARCA:AVEM traded up $0.32 during midday trading on Monday, reaching $86.27. 1,792,990 shares of the company traded hands, compared to its average volume of 1,823,903. The firm’s fifty day moving average price is $80.31 and its two-hundred day moving average price is $76.56. The firm has a market capitalization of $19.07 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a 12 month low of $52.52 and a 12 month high of $87.56.

Institutional Investors Weigh In On Avantis Emerging Markets Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Retirement Financial Solutions LLC purchased a new position in Avantis Emerging Markets Equity ETF during the fourth quarter valued at approximately $11,019,000. MML Investors Services LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 9.5% in the 4th quarter. MML Investors Services LLC now owns 1,972,171 shares of the company’s stock valued at $151,897,000 after purchasing an additional 171,532 shares during the period. Motiv8 Investments LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF during the 4th quarter valued at $47,000. Nicolet Advisory Services LLC grew its position in shares of Avantis Emerging Markets Equity ETF by 54.5% during the 4th quarter. Nicolet Advisory Services LLC now owns 754,863 shares of the company’s stock valued at $61,136,000 after purchasing an additional 266,256 shares in the last quarter. Finally, Generations Wealth LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter worth $216,000.

Avantis Emerging Markets Equity ETF Company Profile

The Avantis Emerging Markets Equity ETF (AVEM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.