Avantis International Large Cap Value ETF (NYSEARCA:AVIV) Sees Large Drop in Short Interest

Avantis International Large Cap Value ETF (NYSEARCA:AVIV) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 163,333 shares, a decline of 45.1% from the May 14th total of 297,383 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily volume of 660,196 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Avantis International Large Cap Value ETF

A number of institutional investors have recently modified their holdings of AVIV. Rogco LP acquired a new position in shares of Avantis International Large Cap Value ETF in the fourth quarter valued at approximately $27,000. EverSource Wealth Advisors LLC purchased a new position in Avantis International Large Cap Value ETF during the second quarter worth approximately $40,000. Longview Financial Advisors Inc. acquired a new stake in Avantis International Large Cap Value ETF during the first quarter worth about $64,000. Root Financial Partners LLC increased its stake in Avantis International Large Cap Value ETF by 167,000.0% during the first quarter. Root Financial Partners LLC now owns 1,671 shares of the company’s stock worth $125,000 after acquiring an additional 1,670 shares during the last quarter. Finally, Mosaic Family Wealth Partners LLC acquired a new stake in Avantis International Large Cap Value ETF during the first quarter worth about $276,000. Institutional investors and hedge funds own 53.08% of the company’s stock.

Avantis International Large Cap Value ETF Stock Performance

AVIV stock traded up $0.44 during midday trading on Monday, hitting $79.27. 76,087 shares of the stock were exchanged, compared to its average volume of 131,286. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 102.95 and a beta of 0.73. The stock’s 50-day moving average price is $78.40 and its 200-day moving average price is $75.72. Avantis International Large Cap Value ETF has a fifty-two week low of $60.77 and a fifty-two week high of $80.80.

About Avantis International Large Cap Value ETF

The Avantis International Large Cap Value ETF (AVIV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund primarily investing in non-US developed market equities with lower prices relative to their book values. AVIV was launched on Sep 28, 2021 and is managed by American Century Investments.