Avantis Moderate Allocation ETF (NYSEARCA:AVMA) Stock Short Interest Drops 75.8%

Avantis Moderate Allocation ETF (NYSEARCA:AVMA) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 1,273 shares, a decline of 75.8% from the September 30th total of 5,266 shares. Based on an average daily volume of 10,835 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Avantis Moderate Allocation ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Arlington Financial Advisors LLC increased its holdings in shares of Avantis Moderate Allocation ETF by 14.8% in the 3rd quarter. Arlington Financial Advisors LLC now owns 4,282 shares of the company’s stock valued at $307,000 after acquiring an additional 553 shares during the last quarter. Vawter Financial Ltd. grew its stake in Avantis Moderate Allocation ETF by 4.5% during the 1st quarter. Vawter Financial Ltd. now owns 15,414 shares of the company’s stock valued at $1,036,000 after acquiring an additional 657 shares in the last quarter. Diversify Advisory Services LLC boosted its position in Avantis Moderate Allocation ETF by 11.2% during the third quarter. Diversify Advisory Services LLC now owns 18,234 shares of the company’s stock valued at $1,320,000 after purchasing an additional 1,839 shares during the last quarter. Latitude Advisors LLC bought a new position in Avantis Moderate Allocation ETF during the third quarter valued at about $152,000. Finally, Crosspoint Financial LLC increased its position in Avantis Moderate Allocation ETF by 12.0% in the 1st quarter. Crosspoint Financial LLC now owns 21,170 shares of the company’s stock worth $1,423,000 after buying an additional 2,260 shares during the period.

Avantis Moderate Allocation ETF Price Performance

Shares of Avantis Moderate Allocation ETF stock traded down $0.61 during trading hours on Friday, hitting $72.00. The company had a trading volume of 2,654 shares, compared to its average volume of 7,091. Avantis Moderate Allocation ETF has a twelve month low of $64.07 and a twelve month high of $74.54. The company has a market cap of $93.61 million, a P/E ratio of 16.65 and a beta of 0.66. The company’s 50-day moving average is $72.77 and its two-hundred day moving average is $71.31.

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.