Short Interest in Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC) Grows By 84.6%

Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 24,786 shares, a growth of 84.6% from the December 15th total of 13,425 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 17,928 shares, the short-interest ratio is presently 1.4 days. Based on an average daily volume of 17,928 shares, the short-interest ratio is presently 1.4 days. Approximately 0.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On Avantis U.S. Mid Cap Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of AVMC. Team Financial Group LLC acquired a new stake in Avantis U.S. Mid Cap Equity ETF during the 3rd quarter worth about $46,000. Ameritas Advisory Services LLC purchased a new stake in shares of Avantis U.S. Mid Cap Equity ETF in the 2nd quarter valued at approximately $64,000. Accredited Wealth Management LLC boosted its stake in Avantis U.S. Mid Cap Equity ETF by 945.3% in the 3rd quarter. Accredited Wealth Management LLC now owns 1,432 shares of the company’s stock worth $100,000 after purchasing an additional 1,295 shares during the period. Avondale Wealth Management purchased a new position in Avantis U.S. Mid Cap Equity ETF during the 2nd quarter worth approximately $134,000. Finally, Osaic Holdings Inc. grew its position in Avantis U.S. Mid Cap Equity ETF by 232.9% during the 2nd quarter. Osaic Holdings Inc. now owns 3,073 shares of the company’s stock worth $203,000 after purchasing an additional 2,150 shares in the last quarter. Institutional investors and hedge funds own 0.13% of the company’s stock.

Avantis U.S. Mid Cap Equity ETF Trading Up 0.8%

Avantis U.S. Mid Cap Equity ETF stock traded up $0.62 during mid-day trading on Thursday, hitting $74.43. The company’s stock had a trading volume of 25,474 shares, compared to its average volume of 31,285. Avantis U.S. Mid Cap Equity ETF has a twelve month low of $53.29 and a twelve month high of $74.58. The stock’s fifty day moving average price is $70.72 and its two-hundred day moving average price is $69.32.

Avantis U.S. Mid Cap Equity ETF Company Profile

The Avantis U.S. Mid Cap Equity ETF (AVMC) is an exchange-traded fund that mostly invests in mid cap equity. The fund seeks long-term capital appreciation through an actively managed portfolio of US mid-cap companies selected based on fundamental criteria. AVMC was launched on Nov 7, 2023 and is issued by American Century Investments.