Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Shares Shorted: Short Interest Up 120.3% in September

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,726,583 shares, a growth of 120.3% from the September 15th total of 783,850 shares. Based on an average trading volume of 1,843,467 shares, the short-interest ratio is presently 0.9 days. Approximately 0.6% of the shares of the company are short sold.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA:AVEM traded down $0.83 during midday trading on Thursday, hitting $90.19. The company’s stock had a trading volume of 639,890 shares, compared to its average volume of 1,904,846. The stock’s 50 day simple moving average is $94.23 and its 200 day simple moving average is $92.47. The stock has a market capitalization of $27.26 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75. Avantis Emerging Markets Equity ETF has a fifty-two week low of $73.79 and a fifty-two week high of $100.83.

Institutional Trading of Avantis Emerging Markets Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in Avantis Emerging Markets Equity ETF by 45.1% during the 1st quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock valued at $2,310,765,000 after purchasing an additional 8,908,264 shares during the period. Align Financial LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the 4th quarter valued at about $528,227,000. Maseco LLP acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 1st quarter worth approximately $93,504,000. Parallel Advisors LLC grew its position in shares of Avantis Emerging Markets Equity ETF by 1,654.5% during the 1st quarter. Parallel Advisors LLC now owns 760,155 shares of the company’s stock worth $61,253,000 after buying an additional 716,830 shares during the period. Finally, Atwood & Palmer Inc. acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth approximately $64,229,000.

About Avantis Emerging Markets Equity ETF

The Avantis Emerging Markets Equity ETF (AVEM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.