Avantis All International Markets Value ETF (NYSEARCA:AVNV) Stock Short Interest Declines 86.6%

Avantis All International Markets Value ETF (NYSEARCA:AVNV) saw a large decrease in short interest in October. As of October 30th, there was short interest totaling 3,885 shares, a decrease of 86.6% from the October 15th total of 28,969 shares. Based on an average daily trading volume, of 8,103 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Breakwater Capital Group lifted its holdings in shares of Avantis All International Markets Value ETF by 9.4% during the third quarter. Breakwater Capital Group now owns 4,370 shares of the company’s stock valued at $370,000 after acquiring an additional 377 shares during the period. BIP Wealth LLC grew its holdings in shares of Avantis All International Markets Value ETF by 51.6% in the 3rd quarter. BIP Wealth LLC now owns 6,387 shares of the company’s stock worth $540,000 after purchasing an additional 2,173 shares during the last quarter. Prudent Investor Advisors LLC bought a new stake in shares of Avantis All International Markets Value ETF in the 3rd quarter worth about $303,000. Ridgeline Wealth LLC increased its position in shares of Avantis All International Markets Value ETF by 9.2% during the 2nd quarter. Ridgeline Wealth LLC now owns 91,502 shares of the company’s stock worth $7,553,000 after purchasing an additional 7,677 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Avantis All International Markets Value ETF during the 3rd quarter worth about $2,525,000.

Avantis All International Markets Value ETF Stock Performance

Shares of NYSEARCA:AVNV traded up $0.06 during midday trading on Friday, reaching $81.81. 1,037 shares of the company’s stock were exchanged, compared to its average volume of 10,754. The company’s 50 day simple moving average is $84.23 and its two-hundred day simple moving average is $83.31. Avantis All International Markets Value ETF has a 12 month low of $70.72 and a 12 month high of $88.48. The firm has a market capitalization of $73.63 million, a PE ratio of 11.69 and a beta of 0.64.

Avantis All International Markets Value ETF Company Profile

The Avantis All International Markets Value ETF (AVNV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in international equity portfolios, typically heavily weighted towards developed markets outside the US. It seeks long-term capital appreciation through factor-investing, focusing on securities with value characteristics and higher expected returns. AVNV was launched on Jun 27, 2023 and is managed by American Century Investments.