Short Interest in Avantis Real Estate ETF (NYSEARCA:AVRE) Drops By 41.9%

Avantis Real Estate ETF (NYSEARCA:AVRE) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 101,797 shares, a drop of 41.9% from the June 15th total of 175,264 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 54,851 shares, the short-interest ratio is presently 1.9 days.

Hedge Funds Weigh In On Avantis Real Estate ETF

Hedge funds have recently bought and sold shares of the company. Mariner LLC raised its stake in Avantis Real Estate ETF by 1.8% during the 4th quarter. Mariner LLC now owns 13,742 shares of the company’s stock valued at $598,000 after acquiring an additional 239 shares in the last quarter. Satovsky Asset Management LLC boosted its position in Avantis Real Estate ETF by 1.1% during the 4th quarter. Satovsky Asset Management LLC now owns 22,140 shares of the company’s stock worth $964,000 after acquiring an additional 240 shares during the period. Avantax Planning Partners Inc. grew its stake in shares of Avantis Real Estate ETF by 4.2% in the first quarter. Avantax Planning Partners Inc. now owns 6,499 shares of the company’s stock worth $286,000 after purchasing an additional 264 shares in the last quarter. Garrison Point Advisors LLC grew its stake in shares of Avantis Real Estate ETF by 3.6% in the fourth quarter. Garrison Point Advisors LLC now owns 7,942 shares of the company’s stock worth $346,000 after purchasing an additional 278 shares in the last quarter. Finally, North Ridge Wealth Advisors Inc. grew its stake in shares of Avantis Real Estate ETF by 0.3% in the second quarter. North Ridge Wealth Advisors Inc. now owns 103,133 shares of the company’s stock worth $4,554,000 after purchasing an additional 301 shares in the last quarter.

Avantis Real Estate ETF Stock Performance

AVRE opened at $48.93 on Friday. The company has a 50-day moving average of $47.61 and a 200-day moving average of $46.31. The company has a market capitalization of $875.85 million, a P/E ratio of 28.60 and a beta of 0.90. Avantis Real Estate ETF has a 1-year low of $42.98 and a 1-year high of $49.29.

Avantis Real Estate ETF Company Profile

The Avantis Real Estate ETF (AVRE) is an exchange-traded fund that is based on the S&P Global REIT index. The fund is an actively managed fund that provides broad exposure to real estate securities around the world. AVRE was launched on Sep 28, 2021 and is managed by American Century Investments.