Avantis U.S. Mid Cap Value ETF (NYSEARCA:AVMV) Short Interest Down 48.0% in April

Avantis U.S. Mid Cap Value ETF (NYSEARCA:AVMV) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 20,308 shares, a decrease of 48.0% from the April 15th total of 39,079 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 33,102 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Avantis U.S. Mid Cap Value ETF

Several hedge funds have recently added to or reduced their stakes in AVMV. Cloud Capital Management LLC acquired a new stake in Avantis U.S. Mid Cap Value ETF in the third quarter valued at approximately $80,000. Evensky & Katz LLC raised its holdings in Avantis U.S. Mid Cap Value ETF by 38.9% in the third quarter. Evensky & Katz LLC now owns 696,843 shares of the company’s stock valued at $48,005,000 after acquiring an additional 195,276 shares in the last quarter. Harbor Investment Advisory LLC acquired a new stake in Avantis U.S. Mid Cap Value ETF in the fourth quarter valued at approximately $85,000. Team Financial Group LLC raised its holdings in Avantis U.S. Mid Cap Value ETF by 4.1% in the fourth quarter. Team Financial Group LLC now owns 89,556 shares of the company’s stock valued at $6,376,000 after acquiring an additional 3,488 shares in the last quarter. Finally, Kelleher Financial Advisors acquired a new stake in Avantis U.S. Mid Cap Value ETF in the fourth quarter valued at approximately $30,000.

Avantis U.S. Mid Cap Value ETF Stock Performance

Shares of AVMV traded down $0.64 during mid-day trading on Friday, hitting $77.60. 32,681 shares of the company’s stock were exchanged, compared to its average volume of 47,331. The company has a market cap of $574.24 million, a price-to-earnings ratio of 14.42 and a beta of 0.98. Avantis U.S. Mid Cap Value ETF has a fifty-two week low of $62.05 and a fifty-two week high of $79.56. The stock’s 50-day moving average is $75.78 and its 200-day moving average is $73.75.

About Avantis U.S. Mid Cap Value ETF

The Avantis U.S. Mid Cap Value ETF (AVMV) is an exchange-traded fund that mostly invests in mid cap equity. The fund seeks long-term capital appreciation through an actively managed portfolio of US mid-cap value companies selected based on fundamental criteria. AVMV was launched on Nov 7, 2023 and is issued by American Century Investments.