Avantis All International Markets Equity ETF (NYSEARCA:AVNM) Sees Large Growth in Short Interest
by Scott Moore · The Cerbat GemAvantis All International Markets Equity ETF (NYSEARCA:AVNM – Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 77,781 shares, a growth of 497.4% from the March 15th total of 13,021 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average trading volume of 83,009 shares, the days-to-cover ratio is presently 0.9 days.
Avantis All International Markets Equity ETF Stock Up 0.1%
Shares of AVNM stock traded up $0.10 on Friday, reaching $80.58. The company had a trading volume of 30,145 shares, compared to its average volume of 73,771. The stock has a market capitalization of $596.29 million, a PE ratio of 13.10 and a beta of 0.66. Avantis All International Markets Equity ETF has a one year low of $55.25 and a one year high of $83.61. The business’s 50-day moving average is $78.82 and its 200 day moving average is $74.92.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC raised its holdings in Avantis All International Markets Equity ETF by 188.8% in the 4th quarter. CWM LLC now owns 335 shares of the company’s stock valued at $25,000 after buying an additional 219 shares during the last quarter. Allworth Financial LP bought a new position in Avantis All International Markets Equity ETF during the 4th quarter worth approximately $36,000. Global Retirement Partners LLC bought a new position in Avantis All International Markets Equity ETF during the 4th quarter worth approximately $99,000. Frankly Finances LLC bought a new position in Avantis All International Markets Equity ETF during the 4th quarter worth approximately $202,000. Finally, Royal Bank of Canada raised its holdings in Avantis All International Markets Equity ETF by 167.9% during the 4th quarter. Royal Bank of Canada now owns 2,925 shares of the company’s stock worth $215,000 after purchasing an additional 1,833 shares during the last quarter.
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.