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

Avantis Moderate Allocation ETF (NYSEARCA:AVMA) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 8,923 shares, an increase of 78.7% from the June 30th total of 4,994 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 10,443 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On Avantis Moderate Allocation ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new position in Avantis Moderate Allocation ETF in the 4th quarter valued at about $40,000. Vawter Financial Ltd. grew its holdings in shares of Avantis Moderate Allocation ETF by 4.5% in the first quarter. Vawter Financial Ltd. now owns 15,414 shares of the company’s stock valued at $1,036,000 after purchasing an additional 657 shares in the last quarter. Integrity Wealth Solutions LLC grew its holdings in shares of Avantis Moderate Allocation ETF by 17.4% in the fourth quarter. Integrity Wealth Solutions LLC now owns 9,577 shares of the company’s stock valued at $635,000 after purchasing an additional 1,420 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Avantis Moderate Allocation ETF during the 3rd quarter worth approximately $139,000. Finally, Crosspoint Financial LLC increased its stake in Avantis Moderate Allocation ETF by 12.0% during the 1st quarter. Crosspoint Financial LLC now owns 21,170 shares of the company’s stock worth $1,423,000 after buying an additional 2,260 shares during the period.

Avantis Moderate Allocation ETF Stock Performance

Shares of AVMA traded up $0.05 during midday trading on Friday, hitting $72.57. 8,811 shares of the stock were exchanged, compared to its average volume of 5,740. Avantis Moderate Allocation ETF has a 52-week low of $61.40 and a 52-week high of $73.50. The stock has a fifty day simple moving average of $72.59 and a 200 day simple moving average of $70.53. The firm has a market cap of $79.83 million, a P/E ratio of 16.65 and a beta of 0.66.

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.