Short Interest in Avantis U.S. Mid Cap Value ETF (NYSEARCA:AVMV) Drops By 45.2%

Avantis U.S. Mid Cap Value ETF (NYSEARCA:AVMV) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 7,455 shares, a decrease of 45.2% from the January 29th total of 13,602 shares. Based on an average daily volume of 56,544 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 56,544 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Avantis U.S. Mid Cap Value ETF

Several institutional investors and hedge funds have recently made changes to their positions in AVMV. Team Financial Group LLC grew its stake in Avantis U.S. Mid Cap Value ETF by 2.2% during the third quarter. Team Financial Group LLC now owns 86,068 shares of the company’s stock worth $5,929,000 after purchasing an additional 1,857 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Avantis U.S. Mid Cap Value ETF by 55.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 47,124 shares of the company’s stock worth $3,246,000 after buying an additional 16,852 shares in the last quarter. First National Bank Sioux Falls grew its position in shares of Avantis U.S. Mid Cap Value ETF by 19.8% during the 3rd quarter. First National Bank Sioux Falls now owns 27,486 shares of the company’s stock worth $1,893,000 after buying an additional 4,552 shares during the period. Cloud Capital Management LLC bought a new stake in shares of Avantis U.S. Mid Cap Value ETF in the 3rd quarter valued at $80,000. Finally, Evensky & Katz LLC lifted its position in shares of Avantis U.S. Mid Cap Value ETF by 38.9% during the 3rd 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 during the period.

Avantis U.S. Mid Cap Value ETF Price Performance

NYSEARCA AVMV traded down $0.55 during mid-day trading on Friday, reaching $77.31. 23,428 shares of the stock were exchanged, compared to its average volume of 61,347. The stock has a market cap of $440.67 million, a P/E ratio of 14.42 and a beta of 1.28. Avantis U.S. Mid Cap Value ETF has a one year low of $52.42 and a one year high of $78.73. The stock has a 50 day simple moving average of $75.01 and a 200-day simple moving average of $71.12.

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.