Avantis U.S. Mid Cap Value ETF (NYSEARCA:AVMV – Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 58,660 shares, a decrease of 46.5% from the August 15th total of 109,743 shares. Based on an average daily trading volume, of 44,371 shares, the short-interest ratio is currently 1.3 days. Approximately 0.7% of the company’s stock are sold short.
Avantis U.S. Mid Cap Value ETF Price Performance
Shares of NYSEARCA AVMV traded down $1.14 during mid-day trading on Wednesday, reaching $78.38. 43,799 shares of the company’s stock traded hands, compared to its average volume of 49,067. The business has a 50-day simple moving average of $81.63 and a 200 day simple moving average of $78.91. The stock has a market cap of $783.72 million, a P/E ratio of 14.42 and a beta of 0.91. Avantis U.S. Mid Cap Value ETF has a 1-year low of $66.13 and a 1-year high of $84.26.
Institutional Trading of Avantis U.S. Mid Cap Value ETF
Several institutional investors and hedge funds have recently modified their holdings of the stock. Evensky & Katz LLC grew its stake in shares of Avantis U.S. Mid Cap Value ETF by 4.1% in the 4th quarter. Evensky & Katz LLC now owns 725,469 shares of the company’s stock worth $51,653,000 after acquiring an additional 28,626 shares in the last quarter. Mosaic Family Wealth Partners LLC purchased a new position in Avantis U.S. Mid Cap Value ETF during the first quarter worth about $1,000,000. First National Bank Sioux Falls boosted its holdings in Avantis U.S. Mid Cap Value ETF by 21.2% during the first quarter. First National Bank Sioux Falls now owns 36,723 shares of the company’s stock worth $2,816,000 after purchasing an additional 6,427 shares during the last quarter. Harbor Investment Advisory LLC grew its position in Avantis U.S. Mid Cap Value ETF by 105.4% in the 2nd quarter. Harbor Investment Advisory LLC now owns 5,651 shares of the company’s stock worth $455,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Team Financial Group LLC grew its position in Avantis U.S. Mid Cap Value ETF by 2.3% in the 1st quarter. Team Financial Group LLC now owns 91,574 shares of the company’s stock worth $6,793,000 after purchasing an additional 2,018 shares in the last quarter.
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.
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