Avantis Moderate Allocation ETF (NYSEARCA:AVMA) Short Interest Down 55.2% in March

Avantis Moderate Allocation ETF (NYSEARCA:AVMA) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 2,058 shares, a decrease of 55.2% from the February 26th total of 4,596 shares. Based on an average daily volume of 4,481 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Cogent Private Wealth Inc. bought a new stake in Avantis Moderate Allocation ETF during the fourth quarter worth approximately $6,398,000. Great Point Wealth Advisors LLC acquired a new stake in shares of Avantis Moderate Allocation ETF in the third quarter worth $5,912,000. Crosspoint Financial LLC boosted its holdings in shares of Avantis Moderate Allocation ETF by 78.4% during the 4th quarter. Crosspoint Financial LLC now owns 18,910 shares of the company’s stock worth $1,254,000 after buying an additional 8,310 shares during the period. Vawter Financial Ltd. boosted its holdings in shares of Avantis Moderate Allocation ETF by 54.7% during the 3rd quarter. Vawter Financial Ltd. now owns 15,047 shares of the company’s stock worth $979,000 after buying an additional 5,322 shares during the period. Finally, Osaic Holdings Inc. grew its stake in Avantis Moderate Allocation ETF by 32.3% in the 4th quarter. Osaic Holdings Inc. now owns 11,347 shares of the company’s stock valued at $753,000 after buying an additional 2,771 shares during the last quarter.

Avantis Moderate Allocation ETF Price Performance

Shares of AVMA stock traded down $0.85 on Thursday, hitting $66.60. The company’s stock had a trading volume of 2,051 shares, compared to its average volume of 3,876. The stock has a market capitalization of $53.28 million, a price-to-earnings ratio of 16.65 and a beta of 0.71. Avantis Moderate Allocation ETF has a fifty-two week low of $52.83 and a fifty-two week high of $70.72. The firm’s fifty day moving average price is $68.83 and its 200-day moving average price is $66.86.

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.