Avantis All International Markets Equity ETF (NYSEARCA:AVNM) Sees Large Increase in Short Interest

Avantis All International Markets Equity ETF (NYSEARCA:AVNM) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 120,798 shares, an increase of 93.2% from the April 15th total of 62,537 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average daily trading volume, of 45,373 shares, the days-to-cover ratio is currently 2.7 days.

Hedge Funds Weigh In On Avantis All International Markets Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC raised its position in shares of Avantis All International Markets Equity ETF by 188.8% in the 4th quarter. CWM LLC now owns 335 shares of the company’s stock valued at $25,000 after purchasing an additional 219 shares during the last quarter. Team Financial Group LLC purchased a new position in shares of Avantis All International Markets Equity ETF in the 1st quarter valued at approximately $30,000. Allworth Financial LP purchased a new position in shares of Avantis All International Markets Equity ETF in the 4th quarter valued at approximately $36,000. Global Retirement Partners LLC purchased a new position in shares of Avantis All International Markets Equity ETF in the 4th quarter valued at approximately $99,000. Finally, Frankly Finances LLC purchased a new position in shares of Avantis All International Markets Equity ETF in the 4th quarter valued at approximately $202,000.

Avantis All International Markets Equity ETF Stock Performance

AVNM stock opened at $82.26 on Tuesday. The firm has a market cap of $625.18 million, a price-to-earnings ratio of 13.10 and a beta of 0.65. The firm has a 50-day simple moving average of $79.33 and a two-hundred day simple moving average of $76.89. Avantis All International Markets Equity ETF has a one year low of $62.35 and a one year high of $84.25.

About Avantis All International Markets Equity ETF

The Avantis All International Markets Equity ETF (AVNM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in international equity portfolios, typically heavily weighted towards developed markets outside the US. It seeks long-term capital appreciation through securities with higher expected returns. AVNM was launched on Jun 27, 2023 and is managed by American Century Investments.