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

Avantis Moderate Allocation ETF (NYSEARCA:AVMA) saw a large increase in short interest in 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. Based on an average daily volume of 7,342 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.5% of the company’s stock are sold short. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 7,342 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Avantis Moderate Allocation ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in shares of Avantis Moderate Allocation ETF during the third quarter worth $139,000. Keystone Financial Group Inc. acquired a new stake in shares of Avantis Moderate Allocation ETF during the 3rd quarter worth about $164,000. Arlington Financial Advisors LLC acquired a new position in Avantis Moderate Allocation ETF in the second quarter valued at approximately $204,000. Susquehanna International Group LLP acquired a new stake in Avantis Moderate Allocation ETF during the third quarter worth approximately $414,000. Finally, Diversify Wealth Management LLC raised its stake 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 in the last quarter.

Avantis Moderate Allocation ETF Stock Performance

Shares of Avantis Moderate Allocation ETF stock opened at $68.13 on Friday. The business has a 50-day simple moving average of $66.41 and a 200-day simple moving average of $64.73. Avantis Moderate Allocation ETF has a one year low of $52.83 and a one year high of $68.28. The company has a market cap of $54.50 million, a PE ratio of 16.65 and a beta of 0.71.

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.