Avantis Emerging Markets Small Cap Equity ETF (NYSEARCA:AVEE) Stock Short Interest Drops 71.5%

Avantis Emerging Markets Small Cap Equity ETF (NYSEARCA:AVEE) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 41,704 shares, a decline of 71.5% from the August 31st total of 146,102 shares. Based on an average trading volume of 15,670 shares, the days-to-cover ratio is presently 2.7 days. Approximately 2.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AVEE. Tortoise Investment Management LLC grew its stake in Avantis Emerging Markets Small Cap Equity ETF by 2.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 184,695 shares of the company’s stock worth $12,804,000 after acquiring an additional 3,989 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Avantis Emerging Markets Small Cap Equity ETF during the second quarter valued at approximately $41,000. WorthPointe LLC bought a new stake in shares of Avantis Emerging Markets Small Cap Equity ETF during the second quarter valued at approximately $248,000. Lam Group Inc. boosted its holdings in shares of Avantis Emerging Markets Small Cap Equity ETF by 6.0% in the second quarter. Lam Group Inc. now owns 9,845 shares of the company’s stock valued at $683,000 after purchasing an additional 560 shares during the period. Finally, Ares Financial Consulting LLC boosted its holdings in shares of Avantis Emerging Markets Small Cap Equity ETF by 807.5% in the second quarter. Ares Financial Consulting LLC now owns 2,432 shares of the company’s stock valued at $169,000 after purchasing an additional 2,164 shares during the period.

Avantis Emerging Markets Small Cap Equity ETF Stock Up 0.7%

Shares of Avantis Emerging Markets Small Cap Equity ETF stock opened at $68.67 on Friday. The stock’s fifty day moving average is $67.74 and its two-hundred day moving average is $68.07. Avantis Emerging Markets Small Cap Equity ETF has a 52 week low of $60.89 and a 52 week high of $72.93. The company has a market capitalization of $137.34 million, a PE ratio of 13.82 and a beta of 0.71.

Avantis Emerging Markets Small Cap Equity ETF Company Profile

The Avantis Emerging Markets Small Cap Equity ETF (AVEE) is an exchange-traded fund that mostly invests in small-cap stocks. The fund seeks long-term capital appreciation through an actively managed portfolio of small-cap companies in the emerging market equity space, selected based on fundamental criteria. AVEE was launched on Nov 7, 2023 and is issued by American Century Investments.