Avantis Emerging Markets Small Cap Equity ETF (NYSEARCA:AVEE) Stock Short Interest Rises 246.1%

Avantis Emerging Markets Small Cap Equity ETF (NYSEARCA:AVEE) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 135,617 shares, a growth of 246.1% from the September 30th total of 39,179 shares. Approximately 6.5% of the company’s stock are short sold. Based on an average daily volume of 14,847 shares, the short-interest ratio is currently 9.1 days.

Hedge Funds Weigh In On Avantis Emerging Markets Small Cap Equity ETF

Hedge funds have recently added to or reduced their stakes in the company. ERn Financial LLC grew its position in Avantis Emerging Markets Small Cap Equity ETF by 19.4% in the third quarter. ERn Financial LLC now owns 12,908 shares of the company’s stock worth $885,000 after acquiring an additional 2,101 shares in the last quarter. Evanson Financial LLC boosted its position in Avantis Emerging Markets Small Cap Equity ETF by 463.8% during the third quarter. Evanson Financial LLC now owns 16,554 shares of the company’s stock worth $1,135,000 after purchasing an additional 13,618 shares during the period. Mills Wealth Advisors LLC raised its position in shares of Avantis Emerging Markets Small Cap Equity ETF by 53.6% in the third quarter. Mills Wealth Advisors LLC now owns 6,474 shares of the company’s stock valued at $444,000 after purchasing an additional 2,259 shares during the period. ARK & TLK Investments LLC increased its stake in shares of Avantis Emerging Markets Small Cap Equity ETF by 27.2% in the third quarter. ARK & TLK Investments LLC now owns 24,489 shares of the company’s stock worth $1,679,000 after purchasing an additional 5,236 shares during the period. Finally, Avior Wealth Management LLC acquired a new stake in Avantis Emerging Markets Small Cap Equity ETF in the 3rd quarter valued at approximately $970,000.

Avantis Emerging Markets Small Cap Equity ETF Stock Down 2.8%

Shares of NYSEARCA:AVEE traded down $1.77 during trading on Friday, reaching $62.35. 10,863 shares of the company traded hands, compared to its average volume of 13,839. The firm has a fifty day simple moving average of $68.35 and a 200 day simple moving average of $67.69. Avantis Emerging Markets Small Cap Equity ETF has a 1-year low of $60.89 and a 1-year high of $72.93. The firm has a market cap of $130.94 million, a P/E 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.