Avantis Emerging Markets Value ETF (NYSEARCA:AVES) Sees Large Growth in Short Interest

Avantis Emerging Markets Value ETF (NYSEARCA:AVES) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 148,962 shares, a growth of 169.6% from the June 30th total of 55,251 shares. Based on an average daily trading volume, of 104,452 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.7% of the company’s stock are short sold.

Avantis Emerging Markets Value ETF Stock Performance

AVES traded down $0.24 during trading on Monday, reaching $62.64. 134,515 shares of the stock were exchanged, compared to its average volume of 125,123. The stock’s 50 day moving average price is $65.67 and its two-hundred day moving average price is $63.93. Avantis Emerging Markets Value ETF has a twelve month low of $53.43 and a twelve month high of $69.06. The stock has a market cap of $1.42 billion, a P/E ratio of 10.65 and a beta of 0.70.

Institutional Investors Weigh In On Avantis Emerging Markets Value ETF

Several hedge funds have recently bought and sold shares of AVES. Comerica Bank acquired a new position in Avantis Emerging Markets Value ETF during the fourth quarter worth approximately $41,000. Signature Equity Partners LLC bought a new position in shares of Avantis Emerging Markets Value ETF during the 1st quarter worth approximately $47,000. EverSource Wealth Advisors LLC increased its holdings in shares of Avantis Emerging Markets Value ETF by 895.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the company’s stock worth $64,000 after acquiring an additional 967 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Avantis Emerging Markets Value ETF by 3,124.2% during the 1st quarter. Fifth Third Bancorp now owns 1,999 shares of the company’s stock worth $120,000 after acquiring an additional 1,937 shares during the last quarter. Finally, Royal Bank of Canada bought a new stake in Avantis Emerging Markets Value ETF in the 4th quarter valued at $136,000.

About Avantis Emerging Markets Value ETF

The Avantis Emerging Markets Value ETF (AVES) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of emerging market equities with lower prices relative to their book values. AVES was launched on Sep 28, 2021 and is managed by American Century Investments.