Avantis International Small Cap Value ETF (NYSEARCA:AVDV) Sees Significant Drop in Short Interest

Avantis International Small Cap Value ETF (NYSEARCA:AVDV) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 413,656 shares, a decline of 81.0% from the August 15th total of 2,173,805 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 724,488 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC boosted its position in shares of Avantis International Small Cap Value ETF by 3.1% during the first quarter. Parallel Advisors LLC now owns 3,332 shares of the company’s stock valued at $333,000 after purchasing an additional 99 shares in the last quarter. Sound Income Strategies LLC lifted its position in Avantis International Small Cap Value ETF by 111.7% during the first quarter. Sound Income Strategies LLC now owns 436 shares of the company’s stock valued at $44,000 after buying an additional 230 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in Avantis International Small Cap Value ETF by 11.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 2,726 shares of the company’s stock valued at $256,000 after buying an additional 280 shares during the period. Harbor Investment Advisory LLC boosted its holdings in shares of Avantis International Small Cap Value ETF by 8.0% during the 2nd quarter. Harbor Investment Advisory LLC now owns 4,465 shares of the company’s stock valued at $460,000 after buying an additional 330 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its position in shares of Avantis International Small Cap Value ETF by 1,739.1% in the 4th quarter. Sunbelt Securities Inc. now owns 423 shares of the company’s stock worth $40,000 after buying an additional 400 shares during the period.

Avantis International Small Cap Value ETF Stock Performance

Shares of NYSEARCA AVDV traded up $0.80 during midday trading on Friday, hitting $111.61. 511,142 shares of the company traded hands, compared to its average volume of 815,036. Avantis International Small Cap Value ETF has a 12-month low of $87.15 and a 12-month high of $114.00. The firm has a market cap of $20.17 billion, a P/E ratio of 10.39 and a beta of 0.78. The stock has a 50-day moving average price of $108.12 and a 200 day moving average price of $106.16.

Avantis International Small Cap Value ETF Company Profile

The Avantis International Small Cap Value ETF (AVDV) is an exchange-traded fund that is based on the MSCI World EX-U.S. Small Cap index. The fund is an actively-managed portfolio of non-US small-cap value companies in developed markets. AVDV was launched on Sep 24, 2019 and is managed by American Century Investments.