Avantis International Large Cap Value ETF (NYSEARCA:AVIV) Sees Significant Drop in Short Interest

Avantis International Large Cap Value ETF (NYSEARCA:AVIV) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 163,333 shares, a decline of 45.1% from the May 14th total of 297,383 shares. Based on an average daily volume of 660,196 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.0% of the shares of the stock are short sold.

Avantis International Large Cap Value ETF Stock Up 0.6%

AVIV traded up $0.46 during trading on Friday, hitting $78.83. The company’s stock had a trading volume of 72,171 shares, compared to its average volume of 131,779. The firm’s 50 day moving average price is $78.33 and its two-hundred day moving average price is $75.59. Avantis International Large Cap Value ETF has a 12 month low of $60.77 and a 12 month high of $80.80. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 102.38 and a beta of 0.73.

Hedge Funds Weigh In On Avantis International Large Cap Value ETF

Institutional investors have recently bought and sold shares of the business. Lam Group Inc. grew its stake in Avantis International Large Cap Value ETF by 50.9% in the fourth quarter. Lam Group Inc. now owns 31,125 shares of the company’s stock valued at $2,217,000 after acquiring an additional 10,500 shares during the period. Farther Finance Advisors LLC grew its stake in Avantis International Large Cap Value ETF by 3,415.0% in the fourth quarter. Farther Finance Advisors LLC now owns 7,979 shares of the company’s stock valued at $568,000 after acquiring an additional 7,752 shares during the period. Private Wealth Asset Management LLC acquired a new position in Avantis International Large Cap Value ETF in the fourth quarter valued at about $1,188,000. Redmont Wealth Advisors LLC acquired a new position in Avantis International Large Cap Value ETF in the third quarter valued at about $1,164,000. Finally, Frankly Finances LLC acquired a new position in Avantis International Large Cap Value ETF in the fourth quarter valued at about $3,752,000. Institutional investors own 53.08% of the company’s stock.

Avantis International Large Cap Value ETF Company Profile

The Avantis International Large Cap Value ETF (AVIV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund primarily investing in non-US developed market equities with lower prices relative to their book values. AVIV was launched on Sep 28, 2021 and is managed by American Century Investments.