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

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 446,504 shares, a decrease of 49.5% from the May 31st total of 883,806 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 1,774,056 shares, the short-interest ratio is currently 0.3 days.

Avantis Emerging Markets Equity ETF Trading Up 1.2%

AVEM stock traded up $1.13 during midday trading on Tuesday, reaching $96.23. The stock had a trading volume of 278,521 shares, compared to its average volume of 1,985,783. The company has a market cap of $25.10 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 52-week low of $68.15 and a 52-week high of $100.83. The company’s fifty day simple moving average is $94.00 and its 200 day simple moving average is $86.25.

Institutional Trading of Avantis Emerging Markets Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in AVEM. Winch Advisory Services LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the 1st quarter valued at about $26,000. Glenmede Trust Co. NA purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the 1st quarter valued at approximately $31,000. Rothschild Investment LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 192.7% in the 4th quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after acquiring an additional 289 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Avantis Emerging Markets Equity ETF in the 4th quarter worth approximately $36,000. Finally, Team Financial Group LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 184.2% during the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock worth $43,000 after purchasing an additional 361 shares during the period.

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.