Avantis Emerging Markets Value ETF (NYSEARCA:AVES) Sees Significant Drop in Short Interest

Avantis Emerging Markets Value ETF (NYSEARCA:AVES) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 31,722 shares, a drop of 90.6% from the April 15th total of 338,396 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 76,599 shares, the short-interest ratio is currently 0.4 days.

Avantis Emerging Markets Value ETF Stock Down 0.1%

NYSEARCA:AVES traded down $0.04 during trading hours on Monday, hitting $67.69. 43,751 shares of the company’s stock traded hands, compared to its average volume of 143,039. The firm has a market cap of $1.46 billion, a P/E ratio of 10.65 and a beta of 0.69. Avantis Emerging Markets Value ETF has a 52 week low of $49.54 and a 52 week high of $67.84. The business’s fifty day simple moving average is $62.68 and its two-hundred day simple moving average is $61.03.

Institutional Investors Weigh In On Avantis Emerging Markets Value ETF

Large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in Avantis Emerging Markets Value ETF by 3.6% during the third quarter. Envestnet Asset Management Inc. now owns 228,813 shares of the company’s stock valued at $13,127,000 after purchasing an additional 7,982 shares in the last quarter. HighTower Advisors LLC raised its position in Avantis Emerging Markets Value ETF by 23.3% during the third quarter. HighTower Advisors LLC now owns 246,896 shares of the company’s stock valued at $14,164,000 after purchasing an additional 46,634 shares in the last quarter. Austin Wealth Management LLC raised its position in Avantis Emerging Markets Value ETF by 9.1% during the fourth quarter. Austin Wealth Management LLC now owns 206,384 shares of the company’s stock valued at $12,292,000 after purchasing an additional 17,170 shares in the last quarter. Accredited Wealth Management LLC raised its position in Avantis Emerging Markets Value ETF by 359.7% during the third quarter. Accredited Wealth Management LLC now owns 39,462 shares of the company’s stock valued at $2,264,000 after purchasing an additional 30,877 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Avantis Emerging Markets Value ETF by 665.4% during the fourth quarter. Farther Finance Advisors LLC now owns 123,061 shares of the company’s stock valued at $7,176,000 after purchasing an additional 106,982 shares in the last quarter.

About Avantis Emerging Markets Value ETF

The Avantis Emerging Markets Value ETF (AVES) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of emerging market equities with lower prices relative to their book values. AVES was launched on Sep 28, 2021 and is managed by American Century Investments.