Avantis Moderate Allocation ETF (NYSEARCA:AVMA – Get Free Report) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 3,595 shares, an increase of 182.4% from the October 15th total of 1,273 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 7,791 shares, the short-interest ratio is currently 0.5 days.
Avantis Moderate Allocation ETF Trading Down 0.5%
Shares of AVMA opened at $72.01 on Friday. The firm has a market capitalization of $93.61 million, a P/E ratio of 16.65 and a beta of 0.66. The stock’s fifty day simple moving average is $72.41 and its 200 day simple moving average is $71.51. Avantis Moderate Allocation ETF has a twelve month low of $64.07 and a twelve month high of $74.54.
Institutional Investors Weigh In On Avantis Moderate Allocation ETF
A number of institutional investors have recently added to or reduced their stakes in AVMA. Arlington Financial Advisors LLC increased its stake in Avantis Moderate Allocation ETF by 14.8% during the third quarter. Arlington Financial Advisors LLC now owns 4,282 shares of the company’s stock worth $307,000 after acquiring an additional 553 shares during the last quarter. Vawter Financial Ltd. raised its holdings in shares of Avantis Moderate Allocation ETF by 4.5% in the 1st quarter. Vawter Financial Ltd. now owns 15,414 shares of the company’s stock worth $1,036,000 after purchasing an additional 657 shares during the period. Cardiff Park Advisors LLC acquired a new position in shares of Avantis Moderate Allocation ETF in the 3rd quarter valued at about $53,000. Diversify Advisory Services LLC lifted its stake in shares of Avantis Moderate Allocation ETF by 11.2% in the 3rd quarter. Diversify Advisory Services LLC now owns 18,234 shares of the company’s stock valued at $1,320,000 after purchasing an additional 1,839 shares in the last quarter. Finally, Latitude Advisors LLC acquired a new position in shares of Avantis Moderate Allocation ETF in the 3rd quarter valued at about $152,000.
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.
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