Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Sees Significant Increase in Short Interest

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 22,203 shares, an increase of 33.8% from the December 31st total of 16,590 shares. Based on an average daily trading volume, of 9,502 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.7% of the company’s shares are short sold. Currently, 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 9,502 shares, the days-to-cover ratio is currently 2.3 days.

Hedge Funds Weigh In On Avantis Core Municipal Fixed Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fourth Dimension Wealth LLC grew its position in Avantis Core Municipal Fixed Income ETF by 13.6% during the second quarter. Fourth Dimension Wealth LLC now owns 4,682 shares of the company’s stock worth $210,000 after buying an additional 561 shares in the last quarter. Nemes Rush Group LLC lifted its position 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 worth $153,000 after acquiring an additional 436 shares during the period. Flow Traders U.S. LLC grew its holdings in shares of Avantis Core Municipal Fixed Income ETF by 13.1% during the 2nd quarter. Flow Traders U.S. LLC now owns 5,043 shares of the company’s stock worth $226,000 after purchasing an additional 585 shares in the last quarter. Finally, Crews Bank & Trust increased its position in shares of 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 during the period.

Avantis Core Municipal Fixed Income ETF Stock Down 0.0%

Shares of AVMU stock traded down $0.02 during trading hours on Tuesday, reaching $46.69. 1,558 shares of the stock traded hands, compared to its average volume of 9,415. Avantis Core Municipal Fixed Income ETF has a 1-year low of $42.23 and a 1-year high of $46.74. The business has a fifty day moving average price of $46.23 and a 200 day moving average price of $45.56.

Avantis Core Municipal Fixed Income ETF Company Profile

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.