Avantis International Equity ETF (NYSEARCA:AVDE) Shares Shorted: Short Interest Down 77.7% in October

Avantis International Equity ETF (NYSEARCA:AVDE) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 455,738 shares, a decrease of 77.7% from the September 30th total of 2,047,864 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 1,193,643 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Avantis International Equity ETF

Several hedge funds have recently modified their holdings of AVDE. Team Financial Group LLC boosted its position in shares of Avantis International Equity ETF by 184.5% during the 1st quarter. Team Financial Group LLC now owns 293 shares of the company’s stock valued at $25,000 after acquiring an additional 190 shares during the last quarter. TD Waterhouse Canada Inc. purchased a new stake in Avantis International Equity ETF during the third quarter valued at $27,000. Western Wealth Management LLC bought a new position in Avantis International Equity ETF during the first quarter valued at $42,000. Angeles Wealth Management LLC lifted its position in Avantis International Equity ETF by 470.6% during the second quarter. Angeles Wealth Management LLC now owns 485 shares of the company’s stock valued at $43,000 after purchasing an additional 400 shares during the last quarter. Finally, Abound Wealth Management bought a new position in Avantis International Equity ETF during the second quarter valued at $44,000.

Avantis International Equity ETF Stock Performance

AVDE opened at $89.09 on Tuesday. Avantis International Equity ETF has a fifty-two week low of $77.20 and a fifty-two week high of $94.82. The firm’s fifty day moving average is $91.84 and its 200 day moving average is $89.62. The stock has a market cap of $19.32 billion, a price-to-earnings ratio of 14.71 and a beta of 0.79.

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.