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

Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 11,177 shares, a decline of 64.8% from the February 26th total of 31,787 shares. Based on an average daily volume of 19,482 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the company’s shares are short sold.

Avantis U.S. Mid Cap Equity ETF Stock Down 1.1%

AVMC traded down $0.82 during mid-day trading on Thursday, reaching $72.05. The stock had a trading volume of 12,813 shares, compared to its average volume of 21,984. The firm’s fifty day simple moving average is $74.29 and its two-hundred day simple moving average is $71.56. Avantis U.S. Mid Cap Equity ETF has a 52 week low of $53.29 and a 52 week high of $76.88.

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

Hedge funds have recently added to or reduced their stakes in the company. Team Financial Group LLC bought a new stake in Avantis U.S. Mid Cap Equity ETF during the 3rd quarter worth about $46,000. Kingdom Financial Group LLC. bought a new position in shares of Avantis U.S. Mid Cap Equity ETF in the 4th quarter valued at about $62,000. Accredited Wealth Management LLC boosted its stake in shares of Avantis U.S. Mid Cap Equity ETF by 945.3% in the 3rd quarter. Accredited Wealth Management LLC now owns 1,432 shares of the company’s stock valued at $100,000 after purchasing an additional 1,295 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of Avantis U.S. Mid Cap Equity ETF by 232.9% during the 2nd quarter. Osaic Holdings Inc. now owns 3,073 shares of the company’s stock worth $203,000 after buying an additional 2,150 shares during the period. Finally, Mosaic Family Wealth Partners LLC acquired a new stake in shares of Avantis U.S. Mid Cap Equity ETF during the 4th quarter worth approximately $236,000. 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.