Avantis International Equity ETF (NYSEARCA:AVDE) Short Interest Down 59.4% in August

Avantis International Equity ETF (NYSEARCA:AVDE) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 367,341 shares, a drop of 59.4% from the July 30th total of 904,393 shares. Based on an average daily trading volume, of 920,491 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Trading of Avantis International Equity ETF

Hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in shares of Avantis International Equity ETF by 19.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 186,126 shares of the company’s stock worth $15,322,000 after acquiring an additional 30,539 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in shares of Avantis International Equity ETF during the fourth quarter worth approximately $7,587,000. UBS Group AG increased its stake in shares of Avantis International Equity ETF by 8.6% in the fourth quarter. UBS Group AG now owns 1,061,289 shares of the company’s stock worth $87,365,000 after buying an additional 83,675 shares during the last quarter. Greenwich Wealth Management LLC increased its stake in shares of Avantis International Equity ETF by 25.9% in the fourth quarter. Greenwich Wealth Management LLC now owns 59,999 shares of the company’s stock worth $4,939,000 after buying an additional 12,333 shares during the last quarter. Finally, Clarion Wealth Managment Partners LLC raised its holdings in Avantis International Equity ETF by 89.4% in the fourth quarter. Clarion Wealth Managment Partners LLC now owns 84,220 shares of the company’s stock valued at $6,933,000 after acquiring an additional 39,760 shares in the last quarter.

Avantis International Equity ETF Stock Performance

Shares of NYSEARCA:AVDE opened at $94.29 on Friday. The business’s 50-day simple moving average is $91.23 and its 200 day simple moving average is $89.69. The company has a market cap of $18.78 billion, a P/E ratio of 14.71 and a beta of 0.78. Avantis International Equity ETF has a one year low of $75.68 and a one year high of $94.82.

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.