Avantis Moderate Allocation ETF (NYSEARCA:AVMA) Short Interest Down 34.1% in August

Avantis Moderate Allocation ETF (NYSEARCA:AVMA) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 4,752 shares, a decline of 34.1% from the July 30th total of 7,208 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 7,216 shares, the days-to-cover ratio is currently 0.7 days.

Avantis Moderate Allocation ETF Stock Down 0.5%

Shares of AVMA traded down $0.36 during trading hours on Tuesday, reaching $73.31. The stock had a trading volume of 14,309 shares, compared to its average volume of 6,324. Avantis Moderate Allocation ETF has a 52 week low of $63.21 and a 52 week high of $74.54. The company has a market cap of $80.64 million, a P/E ratio of 16.65 and a beta of 0.66. The firm has a 50-day moving average of $73.09 and a 200 day moving average of $71.32.

Hedge Funds Weigh In On Avantis Moderate Allocation ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AVMA. Farther Finance Advisors LLC acquired a new stake in shares of Avantis Moderate Allocation ETF in the 4th quarter valued at about $40,000. Advisory Services Network LLC bought a new stake in shares of Avantis Moderate Allocation ETF in the third quarter valued at about $139,000. Susquehanna International Group LLP acquired a new position in shares of Avantis Moderate Allocation ETF during the third quarter worth about $414,000. OceanIQ Capital LLC acquired a new position in shares of Avantis Moderate Allocation ETF during the second quarter worth about $523,000. Finally, Osaic Holdings Inc. grew its holdings in shares of Avantis Moderate Allocation ETF by 32.3% during the fourth quarter. Osaic Holdings Inc. now owns 11,347 shares of the company’s stock worth $753,000 after buying an additional 2,771 shares in the last quarter.

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.