Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Short Interest Up 426.7% in January

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 1,960,168 shares, a growth of 426.7% from the December 31st total of 372,178 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 1,823,027 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 1,823,027 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.9% of the company’s shares are sold short.

Avantis Emerging Markets Equity ETF Stock Performance

AVEM stock opened at $84.60 on Wednesday. Avantis Emerging Markets Equity ETF has a 1 year low of $52.52 and a 1 year high of $84.62. The firm has a market cap of $18.52 billion, a P/E ratio of 12.66 and a beta of 0.68. The stock has a 50-day simple moving average of $78.11 and a 200-day simple moving average of $75.22.

Institutional Investors Weigh In On Avantis Emerging Markets Equity ETF

Several large investors have recently made changes to their positions in the company. Hantz Financial Services Inc. lifted its position in Avantis Emerging Markets Equity ETF by 2,366.7% in the second quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock worth $25,000 after purchasing an additional 355 shares during the period. American Capital Advisory LLC acquired a new position in Avantis Emerging Markets Equity ETF in the 3rd quarter worth approximately $30,000. Team Financial Group LLC raised its stake in Avantis Emerging Markets Equity ETF by 184.2% during the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after purchasing an additional 361 shares during the period. Tripletail Wealth Management LLC acquired a new position in Avantis Emerging Markets Equity ETF during the third quarter valued at $49,000. Finally, Spire Wealth Management boosted its position in Avantis Emerging Markets Equity ETF by 324.9% during the 3rd quarter. Spire Wealth Management now owns 752 shares of the company’s stock worth $56,000 after acquiring an additional 575 shares during the period.

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.