Short Interest in Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Grows By 297.5%

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 31,514 shares, an increase of 297.5% from the November 30th total of 7,929 shares. Based on an average daily volume of 11,644 shares, the short-interest ratio is currently 2.7 days. Currently, 1.0% of the shares of the stock are sold short. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily volume of 11,644 shares, the short-interest ratio is currently 2.7 days.

Avantis Core Municipal Fixed Income ETF Price Performance

NYSEARCA:AVMU traded up $0.01 during trading hours on Thursday, hitting $46.14. 3,620 shares of the stock were exchanged, compared to its average volume of 16,881. The firm’s fifty day moving average price is $45.98 and its 200 day moving average price is $45.16. Avantis Core Municipal Fixed Income ETF has a 52-week low of $42.23 and a 52-week high of $46.74.

Institutional Investors Weigh In On Avantis Core Municipal Fixed Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AVMU. Fourth Dimension Wealth LLC boosted its position in Avantis Core Municipal Fixed Income ETF by 13.6% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 4,682 shares of the company’s stock valued at $210,000 after buying an additional 561 shares during the last quarter. Nemes Rush Group LLC lifted its stake in shares of Avantis Core Municipal Fixed Income ETF by 14.6% in the second quarter. Nemes Rush Group LLC now owns 3,417 shares of the company’s stock worth $153,000 after acquiring an additional 436 shares in the last quarter. Flow Traders U.S. LLC lifted its stake in shares of Avantis Core Municipal Fixed Income ETF by 13.1% in the second quarter. Flow Traders U.S. LLC now owns 5,043 shares of the company’s stock worth $226,000 after acquiring an additional 585 shares in the last quarter. Finally, Crews Bank & Trust boosted its holdings in Avantis Core Municipal Fixed Income ETF by 61.8% in the third quarter. Crews Bank & Trust now owns 15,127 shares of the company’s stock valued at $690,000 after purchasing an additional 5,780 shares during the last quarter.

Avantis Core Municipal Fixed Income ETF Company Profile

The Avantis Core Municipal Fixed Income ETF (AVMU) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in investment-grade US municipal securities. AVMU was launched on Dec 8, 2020 and is managed by American Century Investments.