Avantis International Equity ETF (NYSEARCA:AVDE) Short Interest Update

Avantis International Equity ETF (NYSEARCA:AVDE) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 754,784 shares, a growth of 105.5% from the August 15th total of 367,341 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 1,028,636 shares, the short-interest ratio is currently 0.7 days.

Avantis International Equity ETF Trading Down 0.3%

Shares of AVDE stock traded down $0.31 during trading on Tuesday, reaching $91.82. 427,102 shares of the company’s stock traded hands, compared to its average volume of 1,119,674. The company has a market capitalization of $18.29 billion, a P/E ratio of 14.71 and a beta of 0.78. The firm’s 50-day moving average is $92.17 and its 200 day moving average is $89.91. Avantis International Equity ETF has a 1 year low of $77.20 and a 1 year high of $94.82.

Hedge Funds Weigh In On Avantis International Equity ETF

A number of large investors have recently made changes to their positions in AVDE. Align Financial LLC acquired a new stake in shares of Avantis International Equity ETF in the 4th quarter worth $1,117,525,000. Corient Private Wealth LLC grew its position in Avantis International Equity ETF by 61.5% during the fourth quarter. Corient Private Wealth LLC now owns 5,824,926 shares of the company’s stock valued at $479,508,000 after buying an additional 2,219,229 shares during the period. Bank of America Corp DE grew its stake in Avantis International Equity ETF by 32.4% in the 1st quarter. Bank of America Corp DE now owns 4,003,424 shares of the company’s stock valued at $339,650,000 after acquiring an additional 979,961 shares during the period. LPL Financial LLC increased its position in shares of Avantis International Equity ETF by 41.7% during the fourth quarter. LPL Financial LLC now owns 3,266,571 shares of the company’s stock worth $268,904,000 after purchasing an additional 961,586 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Avantis International Equity ETF by 17.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,162,431 shares of the company’s stock worth $260,331,000 after purchasing an additional 458,993 shares during the last quarter.

Avantis International Equity ETF Company Profile

The Avantis International Equity ETF (AVDE) is an exchange-traded fund that is based on the MSCI WORLD EX USA IMI INDEX index. The fund is an actively managed portfolio of non-US companies from developed markets, of all market capitalizations, focusing on smaller, value companies. AVDE was launched on Sep 24, 2019 and is managed by American Century Investments.