Short Interest in Avantis U.S. Mid Cap Value ETF (NYSEARCA:AVMV) Drops By 24.0%

Avantis U.S. Mid Cap Value ETF (NYSEARCA:AVMV) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 12,696 shares, a drop of 24.0% from the December 15th total of 16,712 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 24,486 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 24,486 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are sold short.

Avantis U.S. Mid Cap Value ETF Stock Performance

Shares of NYSEARCA:AVMV traded down $0.56 during midday trading on Friday, hitting $74.49. The company’s stock had a trading volume of 37,506 shares, compared to its average volume of 72,719. The stock’s 50 day simple moving average is $71.12 and its 200 day simple moving average is $69.11. The stock has a market capitalization of $365.00 million, a price-to-earnings ratio of 14.42 and a beta of 1.28. Avantis U.S. Mid Cap Value ETF has a fifty-two week low of $52.42 and a fifty-two week high of $75.27.

Institutional Investors Weigh In On Avantis U.S. Mid Cap Value ETF

Hedge funds have recently modified their holdings of the business. Evensky & Katz LLC raised its stake in Avantis U.S. Mid Cap Value ETF by 384.0% during the 2nd quarter. Evensky & Katz LLC now owns 501,567 shares of the company’s stock valued at $32,792,000 after purchasing an additional 397,936 shares during the last quarter. Farther Finance Advisors LLC grew its position in Avantis U.S. Mid Cap Value ETF by 55.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 47,124 shares of the company’s stock worth $3,246,000 after purchasing an additional 16,852 shares during the last quarter. First National Bank Sioux Falls increased its holdings in shares of Avantis U.S. Mid Cap Value ETF by 19.8% during the 3rd quarter. First National Bank Sioux Falls now owns 27,486 shares of the company’s stock worth $1,893,000 after purchasing an additional 4,552 shares during the period. Team Financial Group LLC raised its position in shares of Avantis U.S. Mid Cap Value ETF by 4.1% during the fourth quarter. Team Financial Group LLC now owns 89,556 shares of the company’s stock valued at $6,376,000 after buying an additional 3,488 shares during the last quarter. Finally, Harbor Investment Advisory LLC bought a new stake in shares of Avantis U.S. Mid Cap Value ETF in the fourth quarter valued at about $85,000.

Avantis U.S. Mid Cap Value ETF Company Profile

The Avantis U.S. Mid Cap Value ETF (AVMV) 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 value companies selected based on fundamental criteria. AVMV was launched on Nov 7, 2023 and is issued by American Century Investments.