Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Sees Large Decline in Short Interest

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) was the recipient of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 17,588 shares, a drop of 28.3% from the February 12th total of 24,543 shares. Based on an average daily volume of 6,513 shares, the short-interest ratio is currently 2.7 days. Approximately 0.5% of the company’s shares are short sold. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 6,513 shares, the short-interest ratio is currently 2.7 days.

Avantis Core Municipal Fixed Income ETF Price Performance

NYSEARCA:AVMU traded up $0.05 during trading hours on Monday, hitting $46.36. 5,335 shares of the stock traded hands, compared to its average volume of 8,601. The firm has a 50 day moving average price of $46.67 and a 200 day moving average price of $46.08. Avantis Core Municipal Fixed Income ETF has a fifty-two week low of $42.23 and a fifty-two week high of $47.14.

Avantis Core Municipal Fixed Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, February 9th. Investors of record on Thursday, February 5th were given a dividend of $0.157 per share. The ex-dividend date of this dividend was Thursday, February 5th. This is a positive change from Avantis Core Municipal Fixed Income ETF’s previous monthly dividend of $0.12. This represents a c) annualized dividend and a yield of 4.1%.

Institutional Investors Weigh In On Avantis Core Municipal Fixed Income ETF

A number of institutional investors have recently bought and sold shares of the business. Nemes Rush Group LLC increased its holdings in shares of Avantis Core Municipal Fixed Income ETF by 14.6% in the 2nd quarter. Nemes Rush Group LLC now owns 3,417 shares of the company’s stock valued at $153,000 after purchasing an additional 436 shares during the period. Fourth Dimension Wealth LLC boosted its holdings in shares of Avantis Core Municipal Fixed Income ETF by 6.0% during the fourth quarter. Fourth Dimension Wealth LLC now owns 4,123 shares of the company’s stock worth $191,000 after purchasing an additional 235 shares during the period. Flow Traders U.S. LLC grew its position in 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 valued at $226,000 after purchasing an additional 585 shares in the last quarter. Crews Bank & Trust grew its position in Avantis Core Municipal Fixed Income ETF by 61.8% during the third quarter. Crews Bank & Trust now owns 15,127 shares of the company’s stock valued at $690,000 after purchasing an additional 5,780 shares in the last quarter. Finally, Align Financial LLC acquired a new position in Avantis Core Municipal Fixed Income ETF in the 4th quarter valued at approximately $125,138,000.

About Avantis Core Municipal Fixed Income ETF

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.