Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Short Interest Update

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 1,319,362 shares, a decline of 36.0% from the July 30th total of 2,062,642 shares. Based on an average daily volume of 1,593,673 shares, the short-interest ratio is presently 0.8 days. Approximately 0.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Bank of America Corp DE grew its stake in Avantis Emerging Markets Equity ETF by 45.1% during the 1st quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock valued at $2,310,765,000 after acquiring an additional 8,908,264 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 4.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock worth $741,503,000 after purchasing an additional 418,018 shares during the period. Align Financial LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the fourth quarter worth approximately $528,227,000. Wells Fargo & Company MN grew its position in Avantis Emerging Markets Equity ETF by 17.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock valued at $437,145,000 after purchasing an additional 837,069 shares in the last quarter. Finally, Morgan Stanley grew its position in Avantis Emerging Markets Equity ETF by 12.6% during the fourth quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock valued at $435,908,000 after purchasing an additional 631,367 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 0.5%

NYSEARCA:AVEM traded down $0.44 during trading hours on Tuesday, hitting $94.05. 863,398 shares of the stock traded hands, compared to its average volume of 1,956,684. The firm has a 50 day moving average price of $92.54 and a 200 day moving average price of $90.12. The firm has a market cap of $26.77 billion, a price-to-earnings ratio of 12.66 and a beta of 0.74. Avantis Emerging Markets Equity ETF has a fifty-two week low of $70.34 and a fifty-two week high of $100.83.

Avantis Emerging Markets Equity ETF Company Profile

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.