Avantis International Equity ETF (NYSEARCA:AVDE) Shares Shorted: Short Interest Up 167.5% in October

Avantis International Equity ETF (NYSEARCA:AVDE) saw a large increase in short interest in October. As of October 30th, there was short interest totaling 1,219,094 shares, an increase of 167.5% from the October 15th total of 455,738 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 944,707 shares, the days-to-cover ratio is currently 1.3 days.

Avantis International Equity ETF Stock Performance

Avantis International Equity ETF stock opened at $89.43 on Friday. Avantis International Equity ETF has a 52 week low of $77.20 and a 52 week high of $94.82. The firm has a market capitalization of $19.70 billion, a PE ratio of 15.06 and a beta of 0.80. The business’s 50-day simple moving average is $90.60 and its 200-day simple moving average is $89.92.

Institutional Trading of Avantis International Equity ETF

A number of large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its holdings in Avantis International Equity ETF by 6.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,248,750 shares of the company’s stock worth $468,190,000 after acquiring an additional 332,230 shares during the last quarter. Bank of America Corp DE boosted its holdings in Avantis International Equity ETF by 32.4% in the first quarter. Bank of America Corp DE now owns 4,003,424 shares of the company’s stock valued at $339,650,000 after acquiring an additional 979,961 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Avantis International Equity ETF by 5.8% in the first quarter. PNC Financial Services Group Inc. now owns 3,096,165 shares of the company’s stock valued at $262,679,000 after acquiring an additional 169,759 shares during the last quarter. Fifth Third Bancorp increased its position in Avantis International Equity ETF by 121.9% in the third quarter. Fifth Third Bancorp now owns 2,802,790 shares of the company’s stock worth $252,559,000 after purchasing an additional 1,539,967 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in Avantis International Equity ETF in the third quarter worth about $241,465,000.

About Avantis International Equity ETF

The Avantis International Equity ETF (AVDE) is an exchange-traded fund that is based on the MSCI WORLD EX USA IMI INDEX index. The fund is an actively managed portfolio of non-US companies from developed markets, of all market capitalizations, focusing on smaller, value companies. AVDE was launched on Sep 24, 2019 and is managed by American Century Investments.