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

Avantis Moderate Allocation ETF (NYSEARCA:AVMA) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 1,273 shares, a decline of 75.8% from the September 30th total of 5,266 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 10,835 shares, the short-interest ratio is presently 0.1 days.

Avantis Moderate Allocation ETF Stock Performance

AVMA stock traded up $0.21 during midday trading on Thursday, hitting $72.62. 8,382 shares of the stock were exchanged, compared to its average volume of 7,117. The stock has a market cap of $94.41 million, a price-to-earnings ratio of 16.65 and a beta of 0.66. The stock’s 50-day moving average price is $72.80 and its 200-day moving average price is $71.28. Avantis Moderate Allocation ETF has a fifty-two week low of $64.07 and a fifty-two week high of $74.54.

Institutional Investors Weigh In On Avantis Moderate Allocation ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Arlington Financial Advisors LLC grew its holdings in Avantis Moderate Allocation ETF by 14.8% in the 3rd quarter. Arlington Financial Advisors LLC now owns 4,282 shares of the company’s stock worth $307,000 after buying an additional 553 shares in the last quarter. Vawter Financial Ltd. boosted its holdings in Avantis Moderate Allocation ETF by 4.5% in the first quarter. Vawter Financial Ltd. now owns 15,414 shares of the company’s stock worth $1,036,000 after purchasing an additional 657 shares in the last quarter. Diversify Advisory Services LLC grew its position in shares of Avantis Moderate Allocation ETF by 11.2% in the third quarter. Diversify Advisory Services LLC now owns 18,234 shares of the company’s stock valued at $1,320,000 after purchasing an additional 1,839 shares during the last quarter. Latitude Advisors LLC bought a new stake in shares of Avantis Moderate Allocation ETF in the 3rd quarter worth approximately $152,000. Finally, Crosspoint Financial LLC raised its stake in Avantis Moderate Allocation ETF by 12.0% during the first quarter. Crosspoint Financial LLC now owns 21,170 shares of the company’s stock worth $1,423,000 after acquiring an additional 2,260 shares in the last quarter.

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.