Avantis Real Estate ETF (NYSEARCA:AVRE) Stock Short Interest Falls 52.8%

Avantis Real Estate ETF (NYSEARCA:AVRE) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 22,099 shares, a decrease of 52.8% from the September 30th total of 46,868 shares. Based on an average daily volume of 137,056 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Avantis Real Estate ETF Stock Down 0.0%

Shares of AVRE stock traded down $0.02 on Friday, reaching $45.99. The company’s stock had a trading volume of 39,752 shares, compared to its average volume of 68,952. The company has a market capitalization of $883.05 million, a P/E ratio of 28.60 and a beta of 0.89. The stock’s 50 day simple moving average is $45.77 and its 200-day simple moving average is $46.56. Avantis Real Estate ETF has a 12-month low of $42.98 and a 12-month high of $49.72.

Hedge Funds Weigh In On Avantis Real Estate ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AVRE. Sequoia Financial Advisors LLC grew its stake in Avantis Real Estate ETF by 169.1% during the first quarter. Sequoia Financial Advisors LLC now owns 987,667 shares of the company’s stock valued at $43,477,000 after acquiring an additional 620,655 shares in the last quarter. LexAurum Advisors LLC acquired a new stake in shares of Avantis Real Estate ETF during the third quarter valued at $13,007,000. Level Financial Advisors acquired a new stake in Avantis Real Estate ETF in the third quarter valued at approximately $7,767,000. Park Avenue Securities LLC purchased a new position in Avantis Real Estate ETF in the 3rd quarter valued at about $7,057,000. Finally, Collective Family Office LLC bought a new stake in Avantis Real Estate ETF during the third quarter valued at $5,726,000.

About Avantis Real Estate ETF

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.