Short Interest in Avantis U.S. Mid Cap Value ETF (NYSEARCA:AVMV) Declines By 46.5%

Avantis U.S. Mid Cap Value ETF (NYSEARCA:AVMV) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 58,660 shares, a drop of 46.5% from the August 15th total of 109,743 shares. Based on an average daily trading volume, of 44,371 shares, the short-interest ratio is currently 1.3 days. Currently, 0.7% of the shares of the stock are short sold.

Avantis U.S. Mid Cap Value ETF Stock Down 0.4%

NYSEARCA:AVMV traded down $0.34 during trading hours on Tuesday, reaching $79.63. The company had a trading volume of 33,519 shares, compared to its average volume of 47,644. Avantis U.S. Mid Cap Value ETF has a twelve month low of $66.13 and a twelve month high of $84.26. The firm has a market cap of $716.66 million, a price-to-earnings ratio of 14.42 and a beta of 0.91. The business’s 50-day simple moving average is $81.65 and its two-hundred day simple moving average is $78.89.

Hedge Funds Weigh In On Avantis U.S. Mid Cap Value ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Evensky & Katz LLC raised its stake in Avantis U.S. Mid Cap Value ETF by 4.1% in the fourth quarter. Evensky & Katz LLC now owns 725,469 shares of the company’s stock valued at $51,653,000 after purchasing an additional 28,626 shares in the last quarter. Mosaic Family Wealth Partners LLC purchased a new stake in Avantis U.S. Mid Cap Value ETF during the first quarter valued at about $1,000,000. First National Bank Sioux Falls lifted its stake in Avantis U.S. Mid Cap Value ETF by 21.2% during the first quarter. First National Bank Sioux Falls now owns 36,723 shares of the company’s stock worth $2,816,000 after purchasing an additional 6,427 shares during the last quarter. Harbor Investment Advisory LLC increased its position in shares of Avantis U.S. Mid Cap Value ETF by 105.4% during the 2nd quarter. Harbor Investment Advisory LLC now owns 5,651 shares of the company’s stock valued at $455,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Team Financial Group LLC grew its position in Avantis U.S. Mid Cap Value ETF by 2.3% during the first quarter. Team Financial Group LLC now owns 91,574 shares of the company’s stock valued at $6,793,000 after acquiring an additional 2,018 shares during the last quarter.

About Avantis U.S. Mid Cap Value ETF

The Avantis U.S. Mid Cap Value ETF (AVMV) 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 value companies selected based on fundamental criteria. AVMV was launched on Nov 7, 2023 and is issued by American Century Investments.