Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Short Interest Down 67.4% in May

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 883,806 shares, a decrease of 67.4% from the May 14th total of 2,710,244 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 2,627,359 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Winch Advisory Services LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF in the 1st quarter valued at $26,000. Glenmede Trust Co. NA acquired a new stake in Avantis Emerging Markets Equity ETF during the 1st quarter worth $31,000. Rothschild Investment LLC raised its stake in Avantis Emerging Markets Equity ETF by 192.7% during the 4th quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after buying an additional 289 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in Avantis Emerging Markets Equity ETF during the 4th quarter worth $36,000. Finally, Team Financial Group LLC increased its holdings in Avantis Emerging Markets Equity ETF by 184.2% during the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock worth $43,000 after purchasing an additional 361 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA AVEM opened at $91.14 on Thursday. The firm has a market cap of $23.77 billion, a PE ratio of 12.66 and a beta of 0.73. The stock’s 50 day simple moving average is $90.74 and its 200 day simple moving average is $84.40. Avantis Emerging Markets Equity ETF has a one year low of $66.19 and a one year high of $99.67.

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.