Avantis Real Estate ETF (NYSEARCA:AVRE) Short Interest Update

Avantis Real Estate ETF (NYSEARCA:AVRE) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 311,496 shares, an increase of 63.0% from the March 15th total of 191,057 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average daily trading volume, of 52,153 shares, the days-to-cover ratio is currently 6.0 days.

Avantis Real Estate ETF Stock Down 0.1%

Shares of Avantis Real Estate ETF stock traded down $0.04 on Monday, hitting $46.33. 33,438 shares of the company’s stock traded hands, compared to its average volume of 65,901. The stock has a market cap of $769.08 million, a P/E ratio of 28.60 and a beta of 0.92. The firm’s 50-day moving average is $45.68 and its 200 day moving average is $44.67. Avantis Real Estate ETF has a 52-week low of $41.10 and a 52-week high of $47.81.

Institutional Investors Weigh In On Avantis Real Estate ETF

Several institutional investors and hedge funds have recently made changes to their positions in AVRE. Empowered Funds LLC acquired a new stake in shares of Avantis Real Estate ETF during the 4th quarter valued at approximately $50,048,000. Financial Plan Inc. acquired a new stake in shares of Avantis Real Estate ETF during the 4th quarter valued at approximately $26,155,000. Focus Partners Advisor Solutions LLC raised its position in shares of Avantis Real Estate ETF by 96.8% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 634,648 shares of the company’s stock valued at $28,190,000 after acquiring an additional 312,084 shares in the last quarter. Nicolet Advisory Services LLC raised its position in shares of Avantis Real Estate ETF by 46.7% during the 3rd quarter. Nicolet Advisory Services LLC now owns 478,625 shares of the company’s stock valued at $21,103,000 after acquiring an additional 152,261 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of Avantis Real Estate ETF by 54.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 367,012 shares of the company’s stock valued at $15,976,000 after acquiring an additional 129,258 shares in the last quarter.

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.