Avantis Real Estate ETF (NYSEARCA:AVRE) Stock Short Interest Rises 113.3%

Avantis Real Estate ETF (NYSEARCA:AVRE) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 46,868 shares, an increase of 113.3% from the September 15th total of 21,974 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 89,521 shares, the days-to-cover ratio is currently 0.5 days.

Avantis Real Estate ETF Trading Down 0.0%

Shares of Avantis Real Estate ETF stock traded down $0.01 on Tuesday, reaching $44.77. 42,173 shares of the stock were exchanged, compared to its average volume of 67,221. The business has a fifty day moving average price of $46.55 and a two-hundred day moving average price of $47.03. The firm has a market capitalization of $859.51 million, a PE ratio of 28.60 and a beta of 0.89. Avantis Real Estate ETF has a 1-year low of $42.98 and a 1-year high of $49.72.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AVRE. Satovsky Asset Management LLC grew its stake in Avantis Real Estate ETF by 1.1% during the fourth quarter. Satovsky Asset Management LLC now owns 22,140 shares of the company’s stock worth $964,000 after buying an additional 240 shares during the period. PCG Wealth Advisors LLC increased its position in shares of Avantis Real Estate ETF by 0.7% in the 2nd quarter. PCG Wealth Advisors LLC now owns 34,818 shares of the company’s stock worth $1,650,000 after purchasing an additional 257 shares during the last quarter. Avantax Planning Partners Inc. grew its position in shares of Avantis Real Estate ETF by 4.2% in the 1st quarter. Avantax Planning Partners Inc. now owns 6,499 shares of the company’s stock worth $286,000 after acquiring an additional 264 shares in the last quarter. Torren Management LLC increased its stake in Avantis Real Estate ETF by 7.7% during the first quarter. Torren Management LLC now owns 4,509 shares of the company’s stock valued at $198,000 after purchasing an additional 323 shares during the last quarter. Finally, Cherry Tree Wealth Management LLC boosted its stake in Avantis Real Estate ETF by 79.1% in the second quarter. Cherry Tree Wealth Management LLC now owns 944 shares of the company’s stock valued at $45,000 after acquiring an additional 417 shares during the period.

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.