Avantis Moderate Allocation ETF (NYSEARCA:AVMA) Sees Significant Decrease in Short Interest

Avantis Moderate Allocation ETF (NYSEARCA:AVMA) was the recipient of a large decrease in short interest in March. As of March 13th, there was short interest totaling 2,058 shares, a decrease of 55.2% from the February 26th total of 4,596 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 4,481 shares, the short-interest ratio is currently 0.5 days.

Avantis Moderate Allocation ETF Stock Performance

Shares of NYSEARCA:AVMA traded down $0.85 during trading on Thursday, hitting $66.60. 2,051 shares of the stock were exchanged, compared to its average volume of 3,876. The company has a market capitalization of $53.28 million, a price-to-earnings ratio of 16.65 and a beta of 0.71. Avantis Moderate Allocation ETF has a 1-year low of $52.83 and a 1-year high of $70.72. The company’s fifty day simple moving average is $68.83 and its 200-day simple moving average is $66.86.

Institutional Investors Weigh In On Avantis Moderate Allocation ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Keystone Financial Group Inc. acquired a new position in shares of Avantis Moderate Allocation ETF in the 3rd quarter valued at $164,000. Versant Capital Management Inc boosted its position in shares of Avantis Moderate Allocation ETF by 51.0% during the 3rd quarter. Versant Capital Management Inc now owns 10,664 shares of the company’s stock valued at $694,000 after acquiring an additional 3,604 shares in the last quarter. Great Point Wealth Advisors LLC acquired a new stake in shares of Avantis Moderate Allocation ETF during the 3rd quarter valued at about $5,912,000. PFG Private Wealth Management LLC bought a new stake in Avantis Moderate Allocation ETF in the third quarter valued at about $531,000. Finally, Vawter Financial Ltd. raised its position in Avantis Moderate Allocation ETF by 54.7% in the third quarter. Vawter Financial Ltd. now owns 15,047 shares of the company’s stock worth $979,000 after purchasing an additional 5,322 shares in the last quarter.

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.