Avantis U.S. Mid Cap Value ETF (NYSEARCA:AVMV) Sees Large Decline in Short Interest

Avantis U.S. Mid Cap Value ETF (NYSEARCA:AVMV) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 6,401 shares, a decline of 24.9% from the February 26th total of 8,528 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 34,081 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Avantis U.S. Mid Cap Value ETF

A number of institutional investors have recently added to or reduced their stakes in AVMV. Farther Finance Advisors LLC increased its stake in shares of Avantis U.S. Mid Cap Value ETF by 55.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 47,124 shares of the company’s stock worth $3,246,000 after acquiring an additional 16,852 shares during the last quarter. Evensky & Katz LLC raised its holdings in shares of Avantis U.S. Mid Cap Value ETF by 38.9% during the 3rd quarter. Evensky & Katz LLC now owns 696,843 shares of the company’s stock worth $48,005,000 after acquiring an additional 195,276 shares during the period. First National Bank Sioux Falls boosted its position in shares of Avantis U.S. Mid Cap Value ETF by 10.2% during the 4th quarter. First National Bank Sioux Falls now owns 30,296 shares of the company’s stock valued at $2,157,000 after acquiring an additional 2,810 shares during the last quarter. Kelleher Financial Advisors purchased a new stake in shares of Avantis U.S. Mid Cap Value ETF in the fourth quarter valued at about $30,000. Finally, Team Financial Group LLC grew its holdings in shares of Avantis U.S. Mid Cap Value ETF by 4.1% in the fourth quarter. Team Financial Group LLC now owns 89,556 shares of the company’s stock valued at $6,376,000 after purchasing an additional 3,488 shares during the period.

Avantis U.S. Mid Cap Value ETF Trading Down 0.8%

AVMV stock traded down $0.61 during mid-day trading on Monday, reaching $72.52. The company’s stock had a trading volume of 34,721 shares, compared to its average volume of 52,812. The stock has a market cap of $413.36 million, a PE ratio of 14.42 and a beta of 1.28. Avantis U.S. Mid Cap Value ETF has a fifty-two week low of $52.42 and a fifty-two week high of $78.73. The company’s 50 day moving average is $75.41 and its two-hundred day moving average is $71.87.

About Avantis U.S. Mid Cap Value ETF

The Avantis U.S. Mid Cap Value ETF (AVMV) 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 value companies selected based on fundamental criteria. AVMV was launched on Nov 7, 2023 and is issued by American Century Investments.