Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Sees Significant Growth in Short Interest

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 14,877 shares, a growth of 433.2% from the August 31st total of 2,790 shares. Based on an average daily trading volume, of 28,777 shares, the short-interest ratio is currently 0.5 days. Currently, 0.4% of the shares of the stock are short sold.

Avantis Core Municipal Fixed Income ETF Stock Down 0.5%

Shares of AVMU stock traded down $0.22 on Friday, reaching $42.78. The company had a trading volume of 54,681 shares, compared to its average volume of 15,063. The business’s 50-day moving average is $44.75 and its 200 day moving average is $45.71. Avantis Core Municipal Fixed Income ETF has a one year low of $42.72 and a one year high of $47.14.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Avantis Core Municipal Fixed Income ETF stock. Align Financial LLC bought a new position in shares of Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,706,279 shares of the company’s stock, valued at approximately $125,138,000. Avantis Core Municipal Fixed Income ETF comprises approximately 0.6% of Align Financial LLC’s investment portfolio, making the stock its 29th largest holding. Align Financial LLC owned 82.01% of Avantis Core Municipal Fixed Income ETF at the end of the most recent 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.