Avantis Moderate Allocation ETF (NYSEARCA:AVMA) Sees Large Drop in Short Interest

Avantis Moderate Allocation ETF (NYSEARCA:AVMA) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 4,994 shares, a decrease of 41.4% from the June 15th total of 8,521 shares. Based on an average daily volume of 10,651 shares, the short-interest ratio is presently 0.5 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC purchased a new position in shares of Avantis Moderate Allocation ETF in the fourth quarter worth about $40,000. Vawter Financial Ltd. boosted its stake in Avantis Moderate Allocation ETF by 4.5% in the 1st quarter. Vawter Financial Ltd. now owns 15,414 shares of the company’s stock worth $1,036,000 after purchasing an additional 657 shares during the period. Integrity Wealth Solutions LLC grew its holdings in Avantis Moderate Allocation ETF by 17.4% during the 4th quarter. Integrity Wealth Solutions LLC now owns 9,577 shares of the company’s stock valued at $635,000 after buying an additional 1,420 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Avantis Moderate Allocation ETF during the third quarter valued at about $139,000. Finally, Crosspoint Financial LLC lifted its holdings in shares of Avantis Moderate Allocation ETF by 12.0% in the first quarter. Crosspoint Financial LLC now owns 21,170 shares of the company’s stock worth $1,423,000 after buying an additional 2,260 shares in the last quarter.

Avantis Moderate Allocation ETF Stock Down 0.2%

Avantis Moderate Allocation ETF stock traded down $0.11 during mid-day trading on Thursday, reaching $72.73. 7,507 shares of the company’s stock were exchanged, compared to its average volume of 5,419. The business’s fifty day simple moving average is $72.50 and its 200 day simple moving average is $70.10. The firm has a market capitalization of $80.00 million, a PE ratio of 16.65 and a beta of 0.66. Avantis Moderate Allocation ETF has a one year low of $61.40 and a one year high of $73.50.

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.