Short Interest in Avantis Moderate Allocation ETF (NYSEARCA:AVMA) Drops By 34.1%

Avantis Moderate Allocation ETF (NYSEARCA:AVMA) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 4,752 shares, a drop of 34.1% from the July 30th total of 7,208 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 7,216 shares, the short-interest ratio is currently 0.7 days.

Avantis Moderate Allocation ETF Price Performance

Shares of AVMA stock traded down $0.36 on Tuesday, reaching $73.31. 14,309 shares of the stock were exchanged, compared to its average volume of 6,324. Avantis Moderate Allocation ETF has a one year low of $63.21 and a one year high of $74.54. The stock has a market cap of $80.64 million, a PE ratio of 16.65 and a beta of 0.66. The stock has a 50 day moving average price of $73.09 and a 200 day moving average price of $71.32.

Institutional Trading of Avantis Moderate Allocation ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP bought a new position in shares of Avantis Moderate Allocation ETF in the 3rd quarter valued at about $414,000. Advisory Services Network LLC bought a new stake in shares of Avantis Moderate Allocation ETF during the third quarter worth approximately $139,000. Farther Finance Advisors LLC acquired a new position in Avantis Moderate Allocation ETF in the fourth quarter valued at approximately $40,000. Crosspoint Financial LLC lifted its holdings in Avantis Moderate Allocation ETF by 78.4% in the fourth quarter. Crosspoint Financial LLC now owns 18,910 shares of the company’s stock valued at $1,254,000 after buying an additional 8,310 shares during the period. Finally, Cogent Private Wealth Inc. bought a new position in Avantis Moderate Allocation ETF in the fourth quarter valued at approximately $6,398,000.

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.