Short Interest in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Drops By 36.0%

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 1,319,362 shares, a drop of 36.0% from the July 30th total of 2,062,642 shares. Based on an average trading volume of 1,593,673 shares, the short-interest ratio is presently 0.8 days. Currently, 0.5% of the company’s stock are sold short.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM opened at $94.26 on Wednesday. The business’s fifty day moving average is $92.53 and its 200 day moving average is $90.17. Avantis Emerging Markets Equity ETF has a 12-month low of $70.34 and a 12-month high of $100.83. The stock has a market cap of $26.83 billion, a P/E ratio of 12.66 and a beta of 0.74.

Hedge Funds Weigh In On Avantis Emerging Markets Equity ETF

Several large investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 13.2% in the first quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock valued at $1,336,000 after purchasing an additional 2,596 shares in the last quarter. M&T Bank Corp purchased a new position in Avantis Emerging Markets Equity ETF during the 2nd quarter worth $287,000. Diversify Advisory Services LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the second quarter valued at about $478,000. Diversify Wealth Management LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 20.3% during the second quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock valued at $946,000 after purchasing an additional 2,244 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in Avantis Emerging Markets Equity ETF by 74.1% during the second quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock worth $1,010,000 after purchasing an additional 6,271 shares during the last quarter.

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.