Avantis Emerging Markets Value ETF (NYSEARCA:AVES) Short Interest Up 169.6% in July

Avantis Emerging Markets Value ETF (NYSEARCA:AVES) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 148,962 shares, a growth of 169.6% from the June 30th total of 55,251 shares. Based on an average daily volume of 104,452 shares, the short-interest ratio is presently 1.4 days. Approximately 0.7% of the shares of the stock are sold short.

Avantis Emerging Markets Value ETF Stock Performance

AVES stock traded down $1.15 on Wednesday, reaching $60.82. The company had a trading volume of 31,726 shares, compared to its average volume of 124,718. The company’s fifty day moving average is $65.59 and its 200 day moving average is $63.97. The company has a market cap of $1.38 billion, a P/E ratio of 10.65 and a beta of 0.70. Avantis Emerging Markets Value ETF has a 1 year low of $53.43 and a 1 year high of $69.06.

Institutional Trading of Avantis Emerging Markets Value ETF

Several institutional investors and hedge funds have recently made changes to their positions in AVES. Comerica Bank acquired a new position in Avantis Emerging Markets Value ETF in the 4th quarter valued at about $41,000. Signature Equity Partners LLC acquired a new stake in shares of Avantis Emerging Markets Value ETF during the 1st quarter worth about $47,000. EverSource Wealth Advisors LLC boosted its stake in shares of Avantis Emerging Markets Value ETF by 895.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the company’s stock worth $64,000 after purchasing an additional 967 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Avantis Emerging Markets Value ETF by 3,124.2% during the first quarter. Fifth Third Bancorp now owns 1,999 shares of the company’s stock worth $120,000 after buying an additional 1,937 shares in the last quarter. Finally, Royal Bank of Canada purchased a new stake in shares of Avantis Emerging Markets Value ETF during the fourth quarter worth about $136,000.

About Avantis Emerging Markets Value ETF

The Avantis Emerging Markets Value ETF (AVES) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of emerging market equities with lower prices relative to their book values. AVES was launched on Sep 28, 2021 and is managed by American Century Investments.