Short Interest in Avantis Emerging Markets Value ETF (NYSEARCA:AVES) Expands By 324.7%
by Michael Walen · The Markets DailyAvantis Emerging Markets Value ETF (NYSEARCA:AVES – Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 279,874 shares, a growth of 324.7% from the March 15th total of 65,894 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily volume of 103,048 shares, the days-to-cover ratio is currently 2.7 days.
Institutional Trading of Avantis Emerging Markets Value ETF
A number of hedge funds have recently bought and sold shares of AVES. Empowered Funds LLC acquired a new stake in Avantis Emerging Markets Value ETF during the fourth quarter worth approximately $40,475,000. Jane Street Group LLC boosted its position in Avantis Emerging Markets Value ETF by 497.1% during the second quarter. Jane Street Group LLC now owns 301,100 shares of the company’s stock worth $16,122,000 after acquiring an additional 250,674 shares during the last quarter. Symmetry Partners LLC boosted its position in Avantis Emerging Markets Value ETF by 137.7% during the fourth quarter. Symmetry Partners LLC now owns 378,071 shares of the company’s stock worth $22,045,000 after acquiring an additional 218,989 shares during the last quarter. Focus Partners Advisor Solutions LLC boosted its position in Avantis Emerging Markets Value ETF by 66.8% during the third quarter. Focus Partners Advisor Solutions LLC now owns 415,994 shares of the company’s stock worth $24,308,000 after acquiring an additional 166,545 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Avantis Emerging Markets Value ETF by 7.9% during the third quarter. American Century Companies Inc. now owns 1,585,115 shares of the company’s stock worth $90,938,000 after acquiring an additional 116,466 shares during the last quarter.
Avantis Emerging Markets Value ETF Price Performance
AVES stock opened at $63.39 on Monday. The company’s 50 day simple moving average is $62.38 and its 200-day simple moving average is $59.93. The firm has a market capitalization of $1.34 billion, a PE ratio of 10.65 and a beta of 0.68. Avantis Emerging Markets Value ETF has a 12 month low of $44.73 and a 12 month high of $67.01.
About Avantis Emerging Markets Value ETF
The Avantis Emerging Markets Value ETF (AVES) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of emerging market equities with lower prices relative to their book values. AVES was launched on Sep 28, 2021 and is managed by American Century Investments.