Avantis Moderate Allocation ETF (NYSEARCA:AVMA) Short Interest Down 41.4% in June

Avantis Moderate Allocation ETF (NYSEARCA:AVMA) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 4,994 shares, a decrease of 41.4% from the June 15th total of 8,521 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 10,651 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP acquired a new stake in Avantis Moderate Allocation ETF in the third quarter worth $414,000. Advisory Services Network LLC acquired a new stake in shares of Avantis Moderate Allocation ETF in the 3rd quarter valued at about $139,000. Crosspoint Financial LLC grew its stake in shares of Avantis Moderate Allocation ETF by 112.0% in the 3rd quarter. Crosspoint Financial LLC now owns 10,600 shares of the company’s stock valued at $690,000 after buying an additional 5,600 shares during the period. Arlington Financial Advisors LLC bought a new stake in Avantis Moderate Allocation ETF in the 4th quarter valued at about $223,000. Finally, Farther Finance Advisors LLC acquired a new position in Avantis Moderate Allocation ETF during the 4th quarter worth approximately $40,000.

Avantis Moderate Allocation ETF Stock Performance

Shares of AVMA stock traded down $0.11 during mid-day trading on Thursday, hitting $72.73. The company’s stock had a trading volume of 7,507 shares, compared to its average volume of 5,419. The company’s fifty day simple moving average is $72.50 and its 200-day simple moving average is $70.10. Avantis Moderate Allocation ETF has a 52 week low of $61.40 and a 52 week high of $73.50. The company has a market cap of $80.00 million, a PE ratio of 16.65 and a beta of 0.66.

About Avantis Moderate Allocation ETF

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.