Avantis Moderate Allocation ETF (NYSEARCA:AVMA) Short Interest Up 60.7% in August

Avantis Moderate Allocation ETF (NYSEARCA:AVMA) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 7,638 shares, a growth of 60.7% from the August 15th total of 4,752 shares. Based on an average daily trading volume, of 12,576 shares, the short-interest ratio is presently 0.6 days. Approximately 0.7% of the company’s stock are short sold.

Avantis Moderate Allocation ETF Stock Up 0.7%

Avantis Moderate Allocation ETF stock traded up $0.53 during trading on Thursday, reaching $72.68. The stock had a trading volume of 7,230 shares, compared to its average volume of 6,649. Avantis Moderate Allocation ETF has a 52-week low of $63.92 and a 52-week high of $74.54. The business has a 50 day moving average price of $73.28 and a 200 day moving average price of $71.59. The stock has a market cap of $145.29 million, a PE ratio of 16.65 and a beta of 0.66.

Institutional Investors Weigh In On Avantis Moderate Allocation ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. OceanIQ Capital LLC purchased a new stake in shares of Avantis Moderate Allocation ETF during the 2nd quarter worth $523,000. Vawter Financial Ltd. increased its holdings in shares of Avantis Moderate Allocation ETF by 4.5% in the 1st quarter. Vawter Financial Ltd. now owns 15,414 shares of the company’s stock valued at $1,036,000 after acquiring an additional 657 shares during the last quarter. Crosspoint Financial LLC increased its holdings in shares of Avantis Moderate Allocation ETF by 12.0% in the 1st quarter. Crosspoint Financial LLC now owns 21,170 shares of the company’s stock valued at $1,423,000 after acquiring an additional 2,260 shares during the last quarter. Integrity Wealth Solutions LLC raised its position in shares of Avantis Moderate Allocation ETF by 39.9% during the 1st quarter. Integrity Wealth Solutions LLC now owns 13,400 shares of the company’s stock worth $901,000 after acquiring an additional 3,823 shares in the last quarter. Finally, Diversify Wealth Management LLC lifted its stake in Avantis Moderate Allocation ETF by 129.3% during the first quarter. Diversify Wealth Management LLC now owns 15,044 shares of the company’s stock worth $1,060,000 after purchasing an additional 8,484 shares during 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.