Avantis Moderate Allocation ETF (NYSEARCA:AVMA) Sees Large Drop in Short Interest

Avantis Moderate Allocation ETF (NYSEARCA:AVMA) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 4,752 shares, a decline of 34.1% from the July 30th total of 7,208 shares. Based on an average daily volume of 7,216 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On Avantis Moderate Allocation ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Susquehanna International Group LLP purchased a new position in shares of Avantis Moderate Allocation ETF during the 3rd quarter valued at about $414,000. Advisory Services Network LLC purchased a new position in shares of Avantis Moderate Allocation ETF during the third quarter worth approximately $139,000. Farther Finance Advisors LLC bought a new stake in shares of Avantis Moderate Allocation ETF in the 4th quarter worth approximately $40,000. Crosspoint Financial LLC grew its holdings in shares of Avantis Moderate Allocation ETF by 78.4% during 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 last quarter. Finally, Cogent Private Wealth Inc. bought a new position in shares of Avantis Moderate Allocation ETF during the 4th quarter valued at $6,398,000.

Avantis Moderate Allocation ETF Price Performance

Shares of NYSEARCA:AVMA opened at $73.31 on Wednesday. The company’s fifty day moving average price is $73.11 and its 200-day moving average price is $71.34. The firm has a market capitalization of $80.64 million, a price-to-earnings ratio of 16.65 and a beta of 0.66. Avantis Moderate Allocation ETF has a one year low of $63.21 and a one year high of $74.54.

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.