Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Stock Short Interest Drops 49.4%

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 783,850 shares, a drop of 49.4% from the August 31st total of 1,548,054 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 1,396,921 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Avantis Emerging Markets Equity ETF

Large investors have recently bought and sold shares of the business. JFS Wealth Advisors LLC grew its holdings in Avantis Emerging Markets Equity ETF by 67.3% in the 2nd quarter. JFS Wealth Advisors LLC now owns 276 shares of the company’s stock valued at $27,000 after buying an additional 111 shares in the last quarter. Winch Advisory Services LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the first quarter valued at approximately $26,000. Glenmede Trust Co. NA purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the 1st quarter valued at $31,000. Rothschild Investment LLC increased its stake in Avantis Emerging Markets Equity ETF by 192.7% during the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after purchasing an additional 289 shares during the period. Finally, First Community Trust NA lifted its holdings in Avantis Emerging Markets Equity ETF by 136.9% during the 2nd quarter. First Community Trust NA now owns 443 shares of the company’s stock worth $43,000 after buying an additional 256 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 0.8%

NYSEARCA AVEM opened at $94.45 on Tuesday. Avantis Emerging Markets Equity ETF has a twelve month low of $72.94 and a twelve month high of $100.83. The stock has a market capitalization of $28.52 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75. The stock has a 50-day moving average of $93.24 and a 200 day moving average of $91.38.

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.