Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Short Interest Update
by Teresa Graham · The Cerbat GemAvantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Get Free Report) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 3,999,841 shares, an increase of 349.4% from the March 15th total of 890,103 shares. Based on an average daily trading volume, of 2,100,782 shares, the short-interest ratio is presently 1.9 days. Approximately 1.6% of the shares of the company are short sold.
Avantis Emerging Markets Equity ETF Stock Up 0.4%
NYSEARCA:AVEM opened at $85.96 on Friday. The business’s 50 day moving average is $83.66 and its two-hundred day moving average is $79.68. Avantis Emerging Markets Equity ETF has a 52 week low of $56.40 and a 52 week high of $89.75. The company has a market cap of $21.63 billion, a PE ratio of 12.66 and a beta of 0.67.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of AVEM. Bank of America Corp DE lifted its holdings in Avantis Emerging Markets Equity ETF by 1,271.2% during the 2nd quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock worth $1,202,511,000 after buying an additional 16,265,184 shares during the last quarter. Align Financial LLC bought a new position in Avantis Emerging Markets Equity ETF during the 4th quarter worth approximately $528,227,000. Vantagepoint Investment Advisers LLC bought a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter worth approximately $170,265,000. Kestra Investment Management LLC lifted its holdings in Avantis Emerging Markets Equity ETF by 3,618.9% during the 4th quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock worth $113,646,000 after buying an additional 1,435,866 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Avantis Emerging Markets Equity ETF by 350.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,404,304 shares of the company’s stock worth $105,477,000 after buying an additional 1,092,814 shares during the last quarter.
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.