Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Sees Significant Decline in Short Interest

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 9,191 shares, a drop of 77.4% from the July 30th total of 40,591 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 28,024 shares, the days-to-cover ratio is currently 0.3 days.

Avantis Core Municipal Fixed Income ETF Stock Down 0.1%

NYSEARCA AVMU opened at $44.94 on Friday. Avantis Core Municipal Fixed Income ETF has a 52 week low of $44.16 and a 52 week high of $47.14. The company has a fifty day moving average of $45.78 and a two-hundred day moving average of $46.14.

Hedge Funds Weigh In On Avantis Core Municipal Fixed Income ETF

A number of large investors have recently made changes to their positions in the company. Fourth Dimension Wealth LLC grew its holdings in Avantis Core Municipal Fixed Income ETF by 6.0% during the 4th quarter. Fourth Dimension Wealth LLC now owns 4,123 shares of the company’s stock valued at $191,000 after purchasing an additional 235 shares during the last quarter. Flow Traders U.S. LLC raised its position in Avantis Core Municipal Fixed Income ETF by 13.1% in the 2nd quarter. Flow Traders U.S. LLC now owns 5,043 shares of the company’s stock worth $226,000 after purchasing an additional 585 shares during the period. Finally, Align Financial LLC purchased a new stake in Avantis Core Municipal Fixed Income ETF in the 4th quarter worth about $125,138,000.

About Avantis Core Municipal Fixed Income ETF

The Avantis Core Municipal Fixed Income ETF (AVMU) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in investment-grade US municipal securities. AVMU was launched on Dec 8, 2020 and is managed by American Century Investments.