Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Short Interest Update

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 2,062,642 shares, a drop of 36.4% from the July 15th total of 3,241,432 shares. Based on an average trading volume of 2,140,736 shares, the short-interest ratio is presently 1.0 days. Currently, 0.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AVEM. Bank of America Corp DE raised 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 in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Avantis Emerging Markets Equity ETF by 4.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock valued at $741,503,000 after acquiring an additional 418,018 shares in the last quarter. Align Financial LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the fourth quarter worth about $528,227,000. Wells Fargo & Company MN lifted its stake in Avantis Emerging Markets Equity ETF by 17.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock worth $437,145,000 after acquiring an additional 837,069 shares during the period. Finally, Morgan Stanley increased its position in Avantis Emerging Markets Equity ETF by 12.6% during the 4th quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock valued at $435,908,000 after purchasing an additional 631,367 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:AVEM traded down $2.47 on Tuesday, hitting $92.04. 2,395,858 shares of the company’s stock were exchanged, compared to its average volume of 1,985,593. Avantis Emerging Markets Equity ETF has a 12 month low of $70.34 and a 12 month high of $100.83. The business’s 50 day simple moving average is $93.08 and its two-hundred day simple moving average is $89.43. The stock has a market capitalization of $26.19 billion, a price-to-earnings ratio of 12.66 and a beta of 0.74.

Avantis Emerging Markets Equity ETF Company Profile

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.