Short Interest in Avantis International Equity ETF (NYSEARCA:AVDE) Grows By 179.1%

Avantis International Equity ETF (NYSEARCA:AVDE) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 622,326 shares, an increase of 179.1% from the February 26th total of 222,953 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 1,427,168 shares, the days-to-cover ratio is currently 0.4 days.

Avantis International Equity ETF Trading Down 1.9%

NYSEARCA:AVDE traded down $1.61 on Thursday, reaching $82.90. 871,142 shares of the stock traded hands, compared to its average volume of 1,299,247. Avantis International Equity ETF has a 1-year low of $58.56 and a 1-year high of $92.60. The company’s 50 day moving average is $87.70 and its 200-day moving average is $82.91. The firm has a market capitalization of $12.50 billion, a price-to-earnings ratio of 14.71 and a beta of 0.84.

Institutional Investors Weigh In On Avantis International Equity ETF

Several large investors have recently modified their holdings of the company. Hantz Financial Services Inc. acquired a new position in Avantis International Equity ETF in the fourth quarter valued at $29,000. Evolution Wealth Management Inc. acquired a new stake in Avantis International Equity ETF during the 2nd quarter worth about $32,000. RHL Group LLC bought a new position in shares of Avantis International Equity ETF in the 4th quarter worth about $38,000. Investment Research & Advisory Group Inc. acquired a new position in shares of Avantis International Equity ETF in the 4th quarter valued at about $48,000. Finally, US Bancorp DE bought a new stake in shares of Avantis International Equity ETF during the 3rd quarter valued at about $47,000.

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.