Avantis International Equity ETF (NYSEARCA:AVDE) Short Interest Update

Avantis International Equity ETF (NYSEARCA:AVDE) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 481,297 shares, a drop of 45.1% from the May 31st total of 876,644 shares. Based on an average daily trading volume, of 1,169,181 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in Avantis International Equity ETF by 19.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 186,126 shares of the company’s stock valued at $15,322,000 after acquiring an additional 30,539 shares during the last quarter. Elyxium Wealth LLC bought a new position in shares of Avantis International Equity ETF in the fourth quarter worth about $7,587,000. Apella Capital LLC lifted its holdings in shares of Avantis International Equity ETF by 7.9% in the fourth quarter. Apella Capital LLC now owns 682,150 shares of the company’s stock worth $56,155,000 after acquiring an additional 49,699 shares during the last quarter. UBS Group AG boosted its stake in shares of Avantis International Equity ETF by 8.6% in the 4th quarter. UBS Group AG now owns 1,061,289 shares of the company’s stock valued at $87,365,000 after purchasing an additional 83,675 shares in the last quarter. Finally, Certified Advisory Corp boosted its stake in shares of Avantis International Equity ETF by 27.1% in the 3rd quarter. Certified Advisory Corp now owns 35,052 shares of the company’s stock valued at $2,766,000 after purchasing an additional 7,471 shares in the last quarter.

Avantis International Equity ETF Trading Up 1.0%

Shares of Avantis International Equity ETF stock opened at $89.92 on Friday. The company has a 50 day moving average of $89.97 and a 200-day moving average of $87.71. Avantis International Equity ETF has a 1-year low of $72.79 and a 1-year high of $92.60. The company has a market cap of $17.18 billion, a PE ratio of 14.71 and a beta of 0.78.

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.