Avantis Moderate Allocation ETF (NYSEARCA:AVMA) Short Interest Up 60.7% in August

Avantis Moderate Allocation ETF (NYSEARCA:AVMA) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 7,638 shares, a growth of 60.7% from the August 15th total of 4,752 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,576 shares, the short-interest ratio is currently 0.6 days.

Avantis Moderate Allocation ETF Trading Up 0.7%

Shares of Avantis Moderate Allocation ETF stock opened at $72.68 on Friday. The firm has a market cap of $145.29 million, a PE ratio of 16.65 and a beta of 0.66. The stock has a 50 day moving average of $73.28 and a 200 day moving average of $71.60. Avantis Moderate Allocation ETF has a 12 month low of $63.92 and a 12 month high of $74.54.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cogent Private Wealth Inc. bought a new stake in shares of Avantis Moderate Allocation ETF in the 4th quarter worth about $6,398,000. Crosspoint Financial LLC boosted its holdings in shares of Avantis Moderate Allocation ETF by 12.0% in the 1st quarter. Crosspoint Financial LLC now owns 21,170 shares of the company’s stock worth $1,423,000 after purchasing an additional 2,260 shares during the period. Diversify Wealth Management LLC boosted its stake in Avantis Moderate Allocation ETF by 129.3% during the first quarter. Diversify Wealth Management LLC now owns 15,044 shares of the company’s stock worth $1,060,000 after buying an additional 8,484 shares during the period. Vawter Financial Ltd. grew its holdings in Avantis Moderate Allocation ETF by 4.5% during the 1st 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 during the last quarter. Finally, Integrity Wealth Solutions LLC raised its holdings in shares of Avantis Moderate Allocation ETF by 39.9% in the first quarter. Integrity Wealth Solutions LLC now owns 13,400 shares of the company’s stock worth $901,000 after buying an additional 3,823 shares during the period.

Avantis Moderate Allocation ETF Company Profile

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.