Short Interest in Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC) Declines By 64.8%

Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 11,177 shares, a decrease of 64.8% from the February 26th total of 31,787 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 19,482 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 19,482 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the company’s shares are short sold.

Avantis U.S. Mid Cap Equity ETF Trading Up 0.8%

Shares of AVMC opened at $72.40 on Wednesday. Avantis U.S. Mid Cap Equity ETF has a fifty-two week low of $53.29 and a fifty-two week high of $76.88. The company’s fifty day moving average is $74.31 and its two-hundred day moving average is $71.55.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in shares of Avantis U.S. Mid Cap Equity ETF by 4.3% in the 4th quarter. Farther Finance Advisors LLC now owns 9,002 shares of the company’s stock valued at $636,000 after purchasing an additional 375 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Avantis U.S. Mid Cap Equity ETF by 5.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 8,418 shares of the company’s stock worth $595,000 after purchasing an additional 414 shares in the last quarter. Eldridge Investment Advisors Inc. raised its holdings in Avantis U.S. Mid Cap Equity ETF by 7.4% in the fourth quarter. Eldridge Investment Advisors Inc. now owns 6,929 shares of the company’s stock valued at $489,000 after buying an additional 476 shares during the period. Plancorp LLC lifted its position in Avantis U.S. Mid Cap Equity ETF by 3.5% during the fourth quarter. Plancorp LLC now owns 14,671 shares of the company’s stock valued at $1,036,000 after buying an additional 500 shares in the last quarter. Finally, Team Financial Group LLC lifted its position in Avantis U.S. Mid Cap Equity ETF by 89.3% during the fourth quarter. Team Financial Group LLC now owns 1,257 shares of the company’s stock valued at $89,000 after buying an additional 593 shares in the last quarter. Institutional investors and hedge funds own 0.13% of the company’s stock.

About Avantis U.S. Mid Cap Equity ETF

The Avantis U.S. Mid Cap Equity ETF (AVMC) is an exchange-traded fund that mostly invests in mid cap equity. The fund seeks long-term capital appreciation through an actively managed portfolio of US mid-cap companies selected based on fundamental criteria. AVMC was launched on Nov 7, 2023 and is issued by American Century Investments.