Short Interest in Avantis Moderate Allocation ETF (NYSEARCA:AVMA) Rises By 60.7%

Avantis Moderate Allocation ETF (NYSEARCA:AVMA) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 7,638 shares, a growth of 60.7% from the August 15th total of 4,752 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 12,576 shares, the short-interest ratio is presently 0.6 days.

Avantis Moderate Allocation ETF Trading Up 0.7%

NYSEARCA:AVMA traded up $0.53 during trading hours on Thursday, hitting $72.68. The company had a trading volume of 7,230 shares, compared to its average volume of 6,649. Avantis Moderate Allocation ETF has a 1 year low of $63.92 and a 1 year high of $74.54. The company has a market cap of $145.29 million, a P/E ratio of 16.65 and a beta of 0.66. The company has a 50-day moving average of $73.28 and a 200 day moving average of $71.59.

Institutional Investors Weigh In On Avantis Moderate Allocation ETF

A number of hedge funds have recently modified their holdings of the company. OceanIQ Capital LLC acquired a new stake in Avantis Moderate Allocation ETF during the second quarter worth about $523,000. Integrity Wealth Solutions LLC lifted its position in shares of Avantis Moderate Allocation ETF by 39.9% during the first quarter. Integrity Wealth Solutions LLC now owns 13,400 shares of the company’s stock worth $901,000 after purchasing an additional 3,823 shares in the last quarter. Vawter Financial Ltd. boosted its position in Avantis Moderate Allocation ETF by 4.5% in the 1st quarter. Vawter Financial Ltd. now owns 15,414 shares of the company’s stock valued at $1,036,000 after buying an additional 657 shares during the period. Diversify Wealth Management LLC grew its stake in Avantis Moderate Allocation ETF by 129.3% during the 1st quarter. Diversify Wealth Management LLC now owns 15,044 shares of the company’s stock worth $1,060,000 after purchasing an additional 8,484 shares in the last quarter. Finally, Crosspoint Financial LLC increased its holdings in Avantis Moderate Allocation ETF by 12.0% during the 1st quarter. Crosspoint Financial LLC now owns 21,170 shares of the company’s stock worth $1,423,000 after purchasing an additional 2,260 shares during the period.

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.