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

Avantis Moderate Allocation ETF (NYSEARCA:AVMA) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 2,329 shares, a growth of 428.1% from the November 30th total of 441 shares. Based on an average daily trading volume, of 3,587 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 3,587 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Avantis Moderate Allocation ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Diversify Wealth Management LLC grew its stake in Avantis Moderate Allocation ETF by 3.5% in the 3rd quarter. Diversify Wealth Management LLC now owns 6,711 shares of the company’s stock valued at $440,000 after purchasing an additional 227 shares during the period. Integrity Wealth Solutions LLC lifted its position in shares of Avantis Moderate Allocation ETF by 15.5% during the second quarter. Integrity Wealth Solutions LLC now owns 8,542 shares of the company’s stock worth $525,000 after acquiring an additional 1,147 shares in the last quarter. Advisory Services Network LLC bought a new position in Avantis Moderate Allocation ETF in the 3rd quarter worth about $139,000. Keystone Financial Group Inc. bought a new stake in Avantis Moderate Allocation ETF in the 3rd quarter worth approximately $164,000. Finally, Arlington Financial Advisors LLC bought a new stake in Avantis Moderate Allocation ETF in the second quarter valued at approximately $204,000.

Avantis Moderate Allocation ETF Price Performance

AVMA traded down $0.02 during trading on Friday, hitting $66.78. The stock had a trading volume of 583 shares, compared to its average volume of 4,515. The company has a 50 day moving average price of $65.90 and a 200-day moving average price of $64.08. Avantis Moderate Allocation ETF has a one year low of $52.83 and a one year high of $67.61. The firm has a market cap of $46.75 million, a price-to-earnings ratio of 16.65 and a beta of 0.71.

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.