Avantis International Equity ETF (NYSEARCA:AVDE) Sees Large Growth in Short Interest

Avantis International Equity ETF (NYSEARCA:AVDE) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 754,784 shares, a growth of 105.5% from the August 15th total of 367,341 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 1,028,636 shares, the short-interest ratio is presently 0.7 days.

Avantis International Equity ETF Trading Up 0.6%

AVDE stock traded up $0.53 during trading on Wednesday, hitting $92.41. The company had a trading volume of 120,370 shares, compared to its average volume of 1,116,627. The business has a 50 day moving average of $92.22 and a 200 day moving average of $89.91. The firm has a market capitalization of $18.41 billion, a price-to-earnings ratio of 14.71 and a beta of 0.78. Avantis International Equity ETF has a fifty-two week low of $77.20 and a fifty-two week high of $94.82.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AVDE. Align Financial LLC acquired a new stake in shares of Avantis International Equity ETF during the 4th quarter valued at $1,117,525,000. Corient Private Wealth LLC grew its holdings in shares of Avantis International Equity ETF by 61.5% in the 4th quarter. Corient Private Wealth LLC now owns 5,824,926 shares of the company’s stock worth $479,508,000 after acquiring an additional 2,219,229 shares during the last quarter. Maseco LLP acquired a new stake in shares of Avantis International Equity ETF during the first quarter worth $166,156,000. Advance Capital Management Inc. lifted its holdings in shares of Avantis International Equity ETF by 1,709.5% during the first quarter. Advance Capital Management Inc. now owns 1,732,496 shares of the company’s stock valued at $146,985,000 after purchasing an additional 1,636,753 shares during the last quarter. Finally, Mission Wealth Management LP purchased a new stake in shares of Avantis International Equity ETF during the fourth quarter valued at $119,794,000.

Avantis International Equity ETF Company Profile

The Avantis International Equity ETF (AVDE) is an exchange-traded fund that is based on the MSCI WORLD EX USA IMI INDEX index. The fund is an actively managed portfolio of non-US companies from developed markets, of all market capitalizations, focusing on smaller, value companies. AVDE was launched on Sep 24, 2019 and is managed by American Century Investments.