Avantis Moderate Allocation ETF (NYSEARCA:AVMA) Short Interest Up 25.2% in February

Avantis Moderate Allocation ETF (NYSEARCA:AVMA) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 4,596 shares, an increase of 25.2% from the February 12th total of 3,672 shares. Based on an average daily trading volume, of 3,506 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.6% of the company’s shares are short sold. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 3,506 shares, the days-to-cover ratio is currently 1.3 days.

Hedge Funds Weigh In On Avantis Moderate Allocation ETF

A number of institutional investors have recently bought and sold shares of the stock. Cogent Private Wealth Inc. purchased a new stake in Avantis Moderate Allocation ETF in the fourth quarter worth about $6,398,000. Great Point Wealth Advisors LLC bought a new position in shares of Avantis Moderate Allocation ETF in the 3rd quarter worth approximately $5,912,000. Crosspoint Financial LLC lifted its stake in shares of Avantis Moderate Allocation ETF by 78.4% in the 4th quarter. Crosspoint Financial LLC now owns 18,910 shares of the company’s stock valued at $1,254,000 after purchasing an additional 8,310 shares during the period. PFG Private Wealth Management LLC bought a new stake in shares of Avantis Moderate Allocation ETF during the third quarter valued at approximately $531,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Avantis Moderate Allocation ETF during the third quarter valued at approximately $414,000.

Avantis Moderate Allocation ETF Price Performance

Avantis Moderate Allocation ETF stock traded down $0.30 during mid-day trading on Friday, reaching $66.94. 1,059 shares of the company traded hands, compared to its average volume of 4,081. Avantis Moderate Allocation ETF has a 52-week low of $52.83 and a 52-week high of $70.72. The firm has a market capitalization of $53.55 million, a price-to-earnings ratio of 16.65 and a beta of 0.71. The firm’s 50 day moving average price is $68.90 and its 200 day moving average price is $66.67.

About Avantis Moderate Allocation ETF

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.