Short Interest in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Drops By 64.2%

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 372,178 shares, a drop of 64.2% from the December 15th total of 1,039,426 shares. Based on an average daily trading volume, of 1,293,050 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,293,050 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Savant Capital LLC increased its holdings in Avantis Emerging Markets Equity ETF by 3.2% in the 3rd quarter. Savant Capital LLC now owns 18,469,078 shares of the company’s stock valued at $1,387,215,000 after buying an additional 564,371 shares during the period. Bank of America Corp DE boosted its position in shares of Avantis Emerging Markets Equity ETF by 4.9% during the 3rd quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock valued at $1,382,953,000 after acquiring an additional 867,710 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Avantis Emerging Markets Equity ETF by 16.5% in the second quarter. Envestnet Asset Management Inc. now owns 17,514,256 shares of the company’s stock valued at $1,200,426,000 after acquiring an additional 2,483,487 shares during the period. Mercer Global Advisors Inc. ADV raised its position in Avantis Emerging Markets Equity ETF by 3.4% in the third quarter. Mercer Global Advisors Inc. ADV now owns 9,209,393 shares of the company’s stock worth $691,717,000 after purchasing an additional 304,731 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Avantis Emerging Markets Equity ETF by 28.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,062,191 shares of the company’s stock worth $209,883,000 after purchasing an additional 670,844 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 1.3%

Avantis Emerging Markets Equity ETF stock opened at $80.99 on Tuesday. The business has a 50 day moving average price of $77.08 and a two-hundred day moving average price of $74.21. The stock has a market cap of $17.02 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a 12 month low of $52.52 and a 12 month high of $81.07.

About Avantis Emerging Markets Equity ETF

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.