Avantis Moderate Allocation ETF (NYSEARCA:AVMA – Get Free Report) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 3,595 shares, an increase of 182.4% from the October 15th total of 1,273 shares. Based on an average daily volume of 7,791 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the company’s stock are sold short.
Hedge Funds Weigh In On Avantis Moderate Allocation ETF
Several institutional investors have recently bought and sold shares of the business. Vawter Financial Ltd. bought a new position in Avantis Moderate Allocation ETF in the third quarter worth approximately $1,038,000. Cardiff Park Advisors LLC bought a new stake in Avantis Moderate Allocation ETF during the 3rd quarter valued at $53,000. J. Derek Lewis & Associates Inc. bought a new stake in Avantis Moderate Allocation ETF during the 3rd quarter valued at $389,000. Plancorp LLC bought a new stake in Avantis Moderate Allocation ETF during the 3rd quarter valued at $285,000. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Avantis Moderate Allocation ETF in the 3rd quarter valued at $634,000.
Avantis Moderate Allocation ETF Price Performance
Shares of AVMA remained flat at $72.01 during mid-day trading on Friday. 19,367 shares of the stock traded hands, compared to its average volume of 7,693. The company has a 50-day moving average price of $72.37 and a 200-day moving average price of $71.52. Avantis Moderate Allocation ETF has a 52-week low of $64.07 and a 52-week high of $74.54. The company has a market cap of $100.81 million, a price-to-earnings ratio of 16.65 and a beta of 0.66.
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.
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