Short Interest in Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Increases By 285.4%

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 40,591 shares, a growth of 285.4% from the July 15th total of 10,532 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily volume of 17,149 shares, the short-interest ratio is currently 2.4 days.

Institutional Investors Weigh In On Avantis Core Municipal Fixed Income ETF

A number of institutional investors have recently modified their holdings of AVMU. Align Financial LLC acquired a new stake in Avantis Core Municipal Fixed Income ETF during the fourth quarter valued at approximately $125,138,000. Flow Traders U.S. LLC boosted its position in shares of Avantis Core Municipal Fixed Income ETF by 13.1% during the second quarter. Flow Traders U.S. LLC now owns 5,043 shares of the company’s stock worth $226,000 after buying an additional 585 shares during the period. Finally, Fourth Dimension Wealth LLC boosted its position in Avantis Core Municipal Fixed Income ETF by 6.0% during the 4th quarter. Fourth Dimension Wealth LLC now owns 4,123 shares of the company’s stock worth $191,000 after acquiring an additional 235 shares during the period.

Avantis Core Municipal Fixed Income ETF Trading Down 0.2%

Shares of AVMU stock opened at $45.50 on Friday. Avantis Core Municipal Fixed Income ETF has a 12 month low of $44.16 and a 12 month high of $47.14. The company’s fifty day moving average price is $46.04 and its two-hundred day moving average price is $46.25.

Avantis Core Municipal Fixed Income ETF Company Profile

The Avantis Core Municipal Fixed Income ETF (AVMU) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in investment-grade US municipal securities. AVMU was launched on Dec 8, 2020 and is managed by American Century Investments.