Avantis International Equity ETF (NYSEARCA:AVDE) Short Interest Down 45.1% in June

Avantis International Equity ETF (NYSEARCA:AVDE) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 481,297 shares, a drop of 45.1% from the May 31st total of 876,644 shares. Based on an average daily trading volume, of 1,169,181 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Team Financial Group LLC lifted its position in shares of Avantis International Equity ETF by 184.5% in the first quarter. Team Financial Group LLC now owns 293 shares of the company’s stock worth $25,000 after buying an additional 190 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in Avantis International Equity ETF in the 4th quarter worth approximately $29,000. RHL Group LLC purchased a new stake in shares of Avantis International Equity ETF during the 4th quarter worth approximately $38,000. Western Wealth Management LLC purchased a new position in shares of Avantis International Equity ETF in the first quarter valued at $42,000. Finally, Investment Research & Advisory Group Inc. purchased a new stake in Avantis International Equity ETF during the fourth quarter valued at $48,000.

Avantis International Equity ETF Stock Performance

Shares of Avantis International Equity ETF stock traded down $0.21 on Wednesday, hitting $88.99. 1,359,503 shares of the company traded hands, compared to its average volume of 1,191,335. The business has a 50-day simple moving average of $89.98 and a 200 day simple moving average of $87.61. Avantis International Equity ETF has a 52 week low of $72.79 and a 52 week high of $92.60. The stock has a market capitalization of $17.01 billion, a P/E ratio of 14.71 and a beta of 0.78.

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.