Short Interest in Avantis All International Markets Equity ETF (NYSEARCA:AVNM) Declines By 88.4%

Avantis All International Markets Equity ETF (NYSEARCA:AVNM) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 13,021 shares, a decline of 88.4% from the February 26th total of 112,671 shares. Based on an average trading volume of 104,241 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 104,241 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Duncan Williams Asset Management LLC raised its position in shares of Avantis All International Markets Equity ETF by 3,251.6% in the fourth quarter. Duncan Williams Asset Management LLC now owns 280,261 shares of the company’s stock worth $22,214,000 after acquiring an additional 271,899 shares during the period. Truist Financial Corp acquired a new stake in shares of Avantis All International Markets Equity ETF during the 3rd quarter valued at about $14,040,000. Envestnet Asset Management Inc. acquired a new stake in shares of Avantis All International Markets Equity ETF during the 3rd quarter valued at about $13,401,000. Merit Financial Group LLC increased its stake in shares of Avantis All International Markets Equity ETF by 9.1% in the 4th quarter. Merit Financial Group LLC now owns 1,944,852 shares of the company’s stock valued at $142,986,000 after purchasing an additional 162,230 shares in the last quarter. Finally, Howard Bailey Securities LLC acquired a new position in Avantis All International Markets Equity ETF in the 4th quarter worth about $9,749,000.

Avantis All International Markets Equity ETF Trading Up 1.5%

Avantis All International Markets Equity ETF stock traded up $1.16 during mid-day trading on Wednesday, hitting $76.30. The company had a trading volume of 48,239 shares, compared to its average volume of 72,859. The company has a market capitalization of $511.21 million, a price-to-earnings ratio of 13.10 and a beta of 0.61. Avantis All International Markets Equity ETF has a 12-month low of $51.41 and a 12-month high of $83.61. The company’s fifty day moving average is $78.96 and its 200-day moving average is $74.35.

About Avantis All International Markets Equity ETF

The Avantis All International Markets Equity ETF (AVNM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in international equity portfolios, typically heavily weighted towards developed markets outside the US. It seeks long-term capital appreciation through securities with higher expected returns. AVNM was launched on Jun 27, 2023 and is managed by American Century Investments.