Avantis Real Estate ETF (NYSEARCA:AVRE) Sees Large Drop in Short Interest

Avantis Real Estate ETF (NYSEARCA:AVRE) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 21,974 shares, a decline of 94.4% from the August 31st total of 393,491 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 71,390 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Avantis Real Estate ETF

Large investors have recently bought and sold shares of the stock. Empowered Funds LLC boosted its stake in shares of Avantis Real Estate ETF by 7.6% during the first quarter. Empowered Funds LLC now owns 1,237,572 shares of the company’s stock valued at $54,478,000 after purchasing an additional 87,835 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of Avantis Real Estate ETF by 4.4% in the second quarter. Sequoia Financial Advisors LLC now owns 1,031,592 shares of the company’s stock worth $48,877,000 after purchasing an additional 43,925 shares during the last quarter. Financial Plan Inc. grew its holdings in shares of Avantis Real Estate ETF by 18.6% in the first quarter. Financial Plan Inc. now owns 712,325 shares of the company’s stock worth $31,357,000 after purchasing an additional 111,473 shares during the last quarter. Quantum Financial Advisors LLC boosted its position in Avantis Real Estate ETF by 7.3% during the 2nd quarter. Quantum Financial Advisors LLC now owns 455,253 shares of the company’s stock valued at $21,570,000 after buying an additional 31,011 shares during the period. Finally, ShankerValleau Wealth Advisors Inc. grew its holdings in Avantis Real Estate ETF by 2.8% in the 2nd quarter. ShankerValleau Wealth Advisors Inc. now owns 384,164 shares of the company’s stock worth $18,202,000 after acquiring an additional 10,520 shares during the last quarter.

Avantis Real Estate ETF Stock Down 0.0%

Shares of NYSEARCA AVRE traded down $0.01 during midday trading on Friday, reaching $44.90. The company had a trading volume of 101,964 shares, compared to its average volume of 63,668. The stock has a market cap of $857.59 million, a PE ratio of 28.60 and a beta of 0.89. Avantis Real Estate ETF has a one year low of $42.98 and a one year high of $49.72. The firm’s fifty day moving average price is $47.58 and its 200-day moving average price is $47.08.

Avantis Real Estate ETF Company Profile

The Avantis Real Estate ETF (AVRE) is an exchange-traded fund that is based on the S&P Global REIT index. The fund is an actively managed fund that provides broad exposure to real estate securities around the world. AVRE was launched on Sep 28, 2021 and is managed by American Century Investments.