Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU – Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 18,009 shares, a drop of 47.8% from the April 30th total of 34,478 shares. Based on an average daily trading volume, of 9,441 shares, the short-interest ratio is presently 1.9 days. Currently, 0.5% of the company’s shares are sold short.
Avantis Core Municipal Fixed Income ETF Stock Performance
AVMU remained flat at $46.37 during midday trading on Monday. The company’s stock had a trading volume of 4,383 shares, compared to its average volume of 10,955. Avantis Core Municipal Fixed Income ETF has a 12-month low of $43.83 and a 12-month high of $47.14. The company’s 50 day simple moving average is $46.10 and its 200-day simple moving average is $46.28.
Hedge Funds Weigh In On Avantis Core Municipal Fixed Income ETF
Several institutional investors have recently modified their holdings of the business. Align Financial LLC bought a new position in shares of Avantis Core Municipal Fixed Income ETF during the 4th quarter valued at about $125,138,000. Fourth Dimension Wealth LLC lifted its holdings in shares of Avantis Core Municipal Fixed Income ETF by 6.0% during the 4th quarter. Fourth Dimension Wealth LLC now owns 4,123 shares of the company’s stock valued at $191,000 after purchasing an additional 235 shares in the last quarter. Finally, Flow Traders U.S. LLC lifted its holdings in shares of Avantis Core Municipal Fixed Income ETF by 13.1% during the 2nd quarter. Flow Traders U.S. LLC now owns 5,043 shares of the company’s stock valued at $226,000 after purchasing an additional 585 shares in the last quarter.
Avantis Core Municipal Fixed Income ETF Company Profile
The Avantis Core Municipal Fixed Income ETF (AVMU) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in investment-grade US municipal securities. AVMU was launched on Dec 8, 2020 and is managed by American Century Investments.
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