Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sees Significant Growth in Short Interest

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 1,039,426 shares, an increase of 38.8% from the November 30th total of 748,707 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 1,037,531 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 1,037,531 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.6% of the company’s stock are sold short.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM stock traded up $0.21 during trading on Tuesday, reaching $77.22. The company had a trading volume of 844,896 shares, compared to its average volume of 894,817. The firm’s 50 day simple moving average is $76.76 and its two-hundred day simple moving average is $73.39. Avantis Emerging Markets Equity ETF has a one year low of $52.52 and a one year high of $78.76. The company has a market capitalization of $14.32 billion, a PE ratio of 12.66 and a beta of 0.68.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Modera Wealth Management LLC raised its position in Avantis Emerging Markets Equity ETF by 0.7% in the 2nd quarter. Modera Wealth Management LLC now owns 181,076 shares of the company’s stock valued at $12,411,000 after buying an additional 1,234 shares during the last quarter. White Pine Investment CO bought a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth approximately $2,799,000. Farther Finance Advisors LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 47.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 458,429 shares of the company’s stock worth $34,432,000 after acquiring an additional 146,832 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Avantis Emerging Markets Equity ETF by 7.8% in the first quarter. Royal Bank of Canada now owns 290,593 shares of the company’s stock valued at $17,485,000 after purchasing an additional 20,996 shares during the last quarter. Finally, Atlas Brown Inc. raised its holdings in shares of Avantis Emerging Markets Equity ETF by 223.9% in the third quarter. Atlas Brown Inc. now owns 13,051 shares of the company’s stock valued at $980,000 after purchasing an additional 9,022 shares during the last quarter.

About Avantis Emerging Markets Equity ETF

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.