Short Interest in Avantis Emerging Markets Small Cap Equity ETF (NYSEARCA:AVEE) Increases By 379.3%

Avantis Emerging Markets Small Cap Equity ETF (NYSEARCA:AVEE) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 29,891 shares, a growth of 379.3% from the May 31st total of 6,236 shares. Based on an average trading volume of 18,088 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.8% of the shares of the company are short sold.

Avantis Emerging Markets Small Cap Equity ETF Stock Down 0.6%

NYSEARCA:AVEE traded down $0.39 during midday trading on Friday, reaching $67.91. The stock had a trading volume of 18,780 shares, compared to its average volume of 13,582. The stock has a market cap of $115.45 million, a P/E ratio of 13.82 and a beta of 0.64. Avantis Emerging Markets Small Cap Equity ETF has a 12-month low of $59.69 and a 12-month high of $72.93. The firm has a fifty day simple moving average of $70.49 and a two-hundred day simple moving average of $66.77.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. ARK & TLK Investments LLC boosted its position in shares of Avantis Emerging Markets Small Cap Equity ETF by 199.1% during the 4th quarter. ARK & TLK Investments LLC now owns 11,259 shares of the company’s stock worth $703,000 after purchasing an additional 7,495 shares in the last quarter. Cornerstone Wealth Partners LLC purchased a new position in shares of Avantis Emerging Markets Small Cap Equity ETF in the 4th quarter valued at about $5,751,000. Lam Group Inc. lifted its stake in shares of Avantis Emerging Markets Small Cap Equity ETF by 5.0% in the first quarter. Lam Group Inc. now owns 9,285 shares of the company’s stock valued at $589,000 after purchasing an additional 445 shares during the period. B&D White Capital Company LLC purchased a new stake in Avantis Emerging Markets Small Cap Equity ETF during the fourth quarter worth about $308,000. Finally, Tortoise Investment Management LLC grew its position in Avantis Emerging Markets Small Cap Equity ETF by 46.1% during the fourth quarter. Tortoise Investment Management LLC now owns 13,015 shares of the company’s stock worth $812,000 after buying an additional 4,109 shares during the period.

About Avantis Emerging Markets Small Cap Equity ETF

The Avantis Emerging Markets Small Cap Equity ETF (AVEE) is an exchange-traded fund that mostly invests in small-cap stocks. The fund seeks long-term capital appreciation through an actively managed portfolio of small-cap companies in the emerging market equity space, selected based on fundamental criteria. AVEE was launched on Nov 7, 2023 and is issued by American Century Investments.