Short Interest in Avantis Responsible Emerging Markets Equity ETF (NYSEARCA:AVSE) Drops By 73.4%

Avantis Responsible Emerging Markets Equity ETF (NYSEARCA:AVSE) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 4,419 shares, a decline of 73.4% from the July 30th total of 16,599 shares. Based on an average daily trading volume, of 8,375 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On Avantis Responsible Emerging Markets Equity ETF

Large investors have recently modified their holdings of the stock. Birchwood Financial Partners Inc. acquired a new stake in shares of Avantis Responsible Emerging Markets Equity ETF in the first quarter valued at approximately $32,000. Kestra Advisory Services LLC acquired a new position in Avantis Responsible Emerging Markets Equity ETF during the 4th quarter worth $78,000. North Ridge Wealth Advisors Inc. bought a new position in Avantis Responsible Emerging Markets Equity ETF in the 2nd quarter valued at $80,000. WealthShield Partners LLC bought a new position in Avantis Responsible Emerging Markets Equity ETF in the 4th quarter valued at $84,000. Finally, Sankala Group LLC bought a new position in Avantis Responsible Emerging Markets Equity ETF in the 4th quarter valued at $86,000.

Avantis Responsible Emerging Markets Equity ETF Trading Up 0.6%

NYSEARCA AVSE traded up $0.46 on Thursday, hitting $79.69. 5,209 shares of the company were exchanged, compared to its average volume of 13,000. The firm has a 50 day moving average of $78.14 and a two-hundred day moving average of $75.28. The company has a market cap of $223.13 million, a P/E ratio of 13.19 and a beta of 0.80. Avantis Responsible Emerging Markets Equity ETF has a 1-year low of $59.88 and a 1-year high of $84.93.

About Avantis Responsible Emerging Markets Equity ETF

The Avantis Responsible Emerging Markets Equity ETF (AVSE) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in companies of all market capitalizations in emerging markets. Holdings are screened for multiple ESG metrics and fundamental criteria AVSE was launched on Mar 28, 2022 and is managed by American Century Investments.