Short Interest in Avantis Real Estate ETF (NYSEARCA:AVRE) Declines By 41.9%

Avantis Real Estate ETF (NYSEARCA:AVRE) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 101,797 shares, a decrease of 41.9% from the June 15th total of 175,264 shares. Based on an average daily trading volume, of 54,851 shares, the short-interest ratio is presently 1.9 days. Approximately 0.6% of the shares of the company are short sold.

Avantis Real Estate ETF Trading Up 1.7%

AVRE traded up $0.84 on Thursday, hitting $48.85. 48,517 shares of the company’s stock were exchanged, compared to its average volume of 61,209. The firm has a market cap of $874.41 million, a PE ratio of 28.60 and a beta of 0.90. Avantis Real Estate ETF has a twelve month low of $42.98 and a twelve month high of $48.85. The stock has a fifty day moving average of $47.56 and a two-hundred day moving average of $46.25.

Institutional Trading of Avantis Real Estate ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mariner LLC boosted its stake in Avantis Real Estate ETF by 1.8% during the 4th quarter. Mariner LLC now owns 13,742 shares of the company’s stock valued at $598,000 after purchasing an additional 239 shares during the period. Satovsky Asset Management LLC increased its stake in shares of Avantis Real Estate ETF by 1.1% in the fourth quarter. Satovsky Asset Management LLC now owns 22,140 shares of the company’s stock valued at $964,000 after purchasing an additional 240 shares during the period. Avantax Planning Partners Inc. raised its holdings in shares of Avantis Real Estate ETF by 4.2% during the first quarter. Avantax Planning Partners Inc. now owns 6,499 shares of the company’s stock valued at $286,000 after buying an additional 264 shares during the last quarter. Garrison Point Advisors LLC raised its holdings in shares of Avantis Real Estate ETF by 3.6% during the fourth quarter. Garrison Point Advisors LLC now owns 7,942 shares of the company’s stock valued at $346,000 after buying an additional 278 shares during the last quarter. Finally, North Ridge Wealth Advisors Inc. boosted its position in shares of Avantis Real Estate ETF by 0.3% during the second quarter. North Ridge Wealth Advisors Inc. now owns 103,133 shares of the company’s stock worth $4,554,000 after buying an additional 301 shares during the period.

About Avantis Real Estate ETF

The Avantis Real Estate ETF (AVRE) is an exchange-traded fund that is based on the S&P Global REIT index. The fund is an actively managed fund that provides broad exposure to real estate securities around the world. AVRE was launched on Sep 28, 2021 and is managed by American Century Investments.