Avantis Moderate Allocation ETF (NYSEARCA:AVMA) Short Interest Up 88.8% in December

Avantis Moderate Allocation ETF (NYSEARCA:AVMA) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 4,397 shares, an increase of 88.8% from the December 15th total of 2,329 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 7,342 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 7,342 shares, the short-interest ratio is presently 0.6 days. Currently, 0.5% of the shares of the stock are sold short.

Avantis Moderate Allocation ETF Stock Up 0.4%

Shares of NYSEARCA AVMA traded up $0.29 during midday trading on Thursday, reaching $68.21. 640 shares of the company were exchanged, compared to its average volume of 1,830. The stock’s 50-day moving average price is $66.35 and its 200-day moving average price is $64.71. The stock has a market cap of $54.56 million, a P/E ratio of 16.65 and a beta of 0.71. Avantis Moderate Allocation ETF has a one year low of $52.83 and a one year high of $68.28.

Hedge Funds Weigh In On Avantis Moderate Allocation ETF

A number of institutional investors and hedge funds have recently bought and sold shares of AVMA. Advisory Services Network LLC acquired a new stake in shares of Avantis Moderate Allocation ETF during the third quarter valued at about $139,000. Keystone Financial Group Inc. bought a new position in Avantis Moderate Allocation ETF in the 3rd quarter valued at approximately $164,000. Arlington Financial Advisors LLC bought a new position in Avantis Moderate Allocation ETF in the 2nd quarter valued at approximately $204,000. Susquehanna International Group LLP acquired a new stake in Avantis Moderate Allocation ETF during the 3rd quarter worth approximately $414,000. Finally, Diversify Wealth Management LLC grew its holdings in Avantis Moderate Allocation ETF by 3.5% during the 3rd quarter. Diversify Wealth Management LLC now owns 6,711 shares of the company’s stock worth $440,000 after acquiring an additional 227 shares during the last quarter.

About Avantis Moderate Allocation ETF

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.