Short Interest in Avantis Moderate Allocation ETF (NYSEARCA:AVMA) Drops By 55.2%

Avantis Moderate Allocation ETF (NYSEARCA:AVMA) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 2,058 shares, a decline of 55.2% from the February 26th total of 4,596 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 4,481 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Avantis Moderate Allocation ETF

A number of institutional investors and hedge funds have recently made changes to their positions in AVMA. Farther Finance Advisors LLC acquired a new stake in shares of Avantis Moderate Allocation ETF during the 4th quarter worth approximately $40,000. Advisory Services Network LLC acquired a new position in Avantis Moderate Allocation ETF during the third quarter valued at approximately $139,000. Keystone Financial Group Inc. bought a new stake in Avantis Moderate Allocation ETF during the third quarter worth $164,000. Arlington Financial Advisors LLC bought a new stake in Avantis Moderate Allocation ETF during the fourth quarter worth $223,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Avantis Moderate Allocation ETF in the 3rd quarter valued at $414,000.

Avantis Moderate Allocation ETF Price Performance

AVMA traded down $0.46 on Friday, hitting $66.08. 326 shares of the stock were exchanged, compared to its average volume of 3,826. The firm has a market capitalization of $52.86 million, a price-to-earnings ratio of 16.65 and a beta of 0.71. Avantis Moderate Allocation ETF has a 12 month low of $52.83 and a 12 month high of $70.72. The business has a 50-day moving average of $68.76 and a two-hundred day moving average of $66.87.

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.