Short Interest in Avantis All International Markets Equity ETF (NYSEARCA:AVNM) Decreases By 56.7%

Avantis All International Markets Equity ETF (NYSEARCA:AVNM) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 69,882 shares, a drop of 56.7% from the June 30th total of 161,348 shares. Based on an average trading volume of 74,951 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.8% of the company’s shares are sold short.

Institutional Investors Weigh In On Avantis All International Markets Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in AVNM. Wealth Management Partners LLC lifted its position in Avantis All International Markets Equity ETF by 12.5% during the first quarter. Wealth Management Partners LLC now owns 380,960 shares of the company’s stock worth $29,018,000 after buying an additional 42,284 shares during the period. Truist Financial Corp grew its holdings in Avantis All International Markets Equity ETF by 3.9% in the 4th quarter. Truist Financial Corp now owns 204,500 shares of the company’s stock valued at $15,035,000 after buying an additional 7,753 shares during the period. Edge Financial Advisors LLC grew its holdings in Avantis All International Markets Equity ETF by 279.8% in the 4th quarter. Edge Financial Advisors LLC now owns 164,799 shares of the company’s stock valued at $12,116,000 after buying an additional 121,403 shares during the period. Geometric Wealth Advisors increased its stake in shares of Avantis All International Markets Equity ETF by 1.5% during the 4th quarter. Geometric Wealth Advisors now owns 684,435 shares of the company’s stock valued at $50,320,000 after acquiring an additional 9,946 shares during the last quarter. Finally, Farther Finance Advisors LLC acquired a new position in shares of Avantis All International Markets Equity ETF during the 4th quarter valued at about $1,313,000.

Avantis All International Markets Equity ETF Stock Performance

AVNM stock opened at $81.31 on Monday. The company has a 50 day moving average price of $82.67 and a two-hundred day moving average price of $80.46. The stock has a market capitalization of $683.00 million, a P/E ratio of 13.10 and a beta of 0.66. Avantis All International Markets Equity ETF has a one year low of $64.77 and a one year high of $85.48.

About Avantis All International Markets Equity ETF

The Avantis All International Markets Equity ETF (AVNM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in international equity portfolios, typically heavily weighted towards developed markets outside the US. It seeks long-term capital appreciation through securities with higher expected returns. AVNM was launched on Jun 27, 2023 and is managed by American Century Investments.