Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC) Sees Large Growth in Short Interest

Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 31,787 shares, a growth of 25.4% from the February 12th total of 25,353 shares. Based on an average daily trading volume, of 15,769 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.8% of the shares of the company are short sold. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 15,769 shares, the days-to-cover ratio is currently 2.0 days.

Avantis U.S. Mid Cap Equity ETF Price Performance

NYSEARCA:AVMC traded down $0.12 during mid-day trading on Friday, reaching $71.43. The company’s stock had a trading volume of 33,204 shares, compared to its average volume of 22,374. The firm’s fifty day moving average price is $74.47 and its two-hundred day moving average price is $71.41. Avantis U.S. Mid Cap Equity ETF has a 12-month low of $53.29 and a 12-month high of $76.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AVMC. Elwood & Goetz Wealth Advisory Group LLC boosted its holdings in Avantis U.S. Mid Cap Equity ETF by 929.7% in the third quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 345,444 shares of the company’s stock worth $24,036,000 after purchasing an additional 311,897 shares during the last quarter. Wealth Management Partners LLC lifted its holdings in shares of Avantis U.S. Mid Cap Equity ETF by 1,925.2% during the 4th quarter. Wealth Management Partners LLC now owns 202,578 shares of the company’s stock valued at $14,310,000 after buying an additional 192,575 shares during the period. Networth Advisors LLC bought a new position in shares of Avantis U.S. Mid Cap Equity ETF during the 4th quarter valued at $12,163,000. Tiller Private Wealth Inc. purchased a new position in shares of Avantis U.S. Mid Cap Equity ETF in the 4th quarter worth $7,161,000. Finally, HighTower Advisors LLC purchased a new position in shares of Avantis U.S. Mid Cap Equity ETF in the 4th quarter worth $2,902,000. Institutional investors own 0.13% of the company’s stock.

Avantis U.S. Mid Cap Equity ETF Company Profile

The Avantis U.S. Mid Cap Equity ETF (AVMC) is an exchange-traded fund that mostly invests in mid cap equity. The fund seeks long-term capital appreciation through an actively managed portfolio of US mid-cap companies selected based on fundamental criteria. AVMC was launched on Nov 7, 2023 and is issued by American Century Investments.