Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sees Significant Growth in Short Interest

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 1,726,583 shares, an increase of 120.3% from the September 15th total of 783,850 shares. Based on an average daily volume of 1,843,467 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. JFS Wealth Advisors LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 67.3% in the 2nd quarter. JFS Wealth Advisors LLC now owns 276 shares of the company’s stock worth $27,000 after purchasing an additional 111 shares during the period. Winch Advisory Services LLC acquired a new stake in Avantis Emerging Markets Equity ETF during the 1st quarter valued at $26,000. Glenmede Trust Co. NA acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the first quarter valued at about $31,000. Investors Research Corp purchased a new stake in Avantis Emerging Markets Equity ETF during the 3rd quarter worth approximately $39,000. Finally, First Community Trust NA raised its holdings in Avantis Emerging Markets Equity ETF by 136.9% in the second quarter. First Community Trust NA now owns 443 shares of the company’s stock valued at $43,000 after acquiring an additional 256 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 0.8%

Shares of NYSEARCA:AVEM opened at $92.52 on Tuesday. The company has a market capitalization of $27.97 billion, a PE ratio of 12.66 and a beta of 0.75. Avantis Emerging Markets Equity ETF has a twelve month low of $73.79 and a twelve month high of $100.83. The firm has a 50 day simple moving average of $94.25 and a 200-day simple moving average of $92.31.

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.