Short Interest in Avantis Moderate Allocation ETF (NYSEARCA:AVMA) Increases By 25.2%

Avantis Moderate Allocation ETF (NYSEARCA:AVMA) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 4,596 shares, a growth of 25.2% from the February 12th total of 3,672 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,506 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily trading volume, of 3,506 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.6% of the shares of the stock are short sold.

Avantis Moderate Allocation ETF Stock Performance

AVMA traded down $0.30 during midday trading on Friday, hitting $66.94. The stock had a trading volume of 1,059 shares, compared to its average volume of 4,081. Avantis Moderate Allocation ETF has a 1 year low of $52.83 and a 1 year high of $70.72. The business has a fifty day moving average of $68.90 and a 200 day moving average of $66.67. The company has a market cap of $53.55 million, a P/E ratio of 16.65 and a beta of 0.71.

Institutional Investors Weigh In On Avantis Moderate Allocation ETF

Institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC bought a new stake in shares of Avantis Moderate Allocation ETF in the 4th quarter valued at about $40,000. Advisory Services Network LLC purchased a new stake in Avantis Moderate Allocation ETF during the 3rd quarter valued at about $139,000. Keystone Financial Group Inc. bought a new position in Avantis Moderate Allocation ETF during the 3rd quarter worth approximately $164,000. Arlington Financial Advisors LLC bought a new position in Avantis Moderate Allocation ETF during the 4th quarter worth approximately $223,000. Finally, Susquehanna International Group LLP purchased a new position in Avantis Moderate Allocation ETF in the 3rd quarter worth approximately $414,000.

Avantis Moderate Allocation ETF Company Profile

The Avantis Moderate Allocation ETF (AVMA) is an exchange-traded fund that mostly invests in target risk asset allocation. The fund is an actively managed, asset allocation fund-of-funds that invests with moderate risk in a broad basket of equity and fixed income ETFs. AVMA was launched on Jun 27, 2023 and is managed by American Century Investments.