Avantis Moderate Allocation ETF (NYSEARCA:AVMA) Short Interest Up 78.7% in July

Avantis Moderate Allocation ETF (NYSEARCA:AVMA) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 8,923 shares, an increase of 78.7% from the June 30th total of 4,994 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 10,443 shares, the days-to-cover ratio is currently 0.9 days.

Avantis Moderate Allocation ETF Stock Up 1.1%

Shares of Avantis Moderate Allocation ETF stock traded up $0.81 during trading on Thursday, reaching $72.52. 6,425 shares of the company were exchanged, compared to its average volume of 5,719. Avantis Moderate Allocation ETF has a twelve month low of $61.40 and a twelve month high of $73.50. The business has a 50-day moving average price of $72.58 and a 200-day moving average price of $70.48. The firm has a market capitalization of $79.77 million, a price-to-earnings ratio of 16.65 and a beta of 0.66.

Hedge Funds Weigh In On Avantis Moderate Allocation ETF

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC bought a new stake in shares of Avantis Moderate Allocation ETF in the 4th quarter valued at about $40,000. Advisory Services Network LLC bought a new position in Avantis Moderate Allocation ETF during the 3rd quarter worth approximately $139,000. Susquehanna International Group LLP acquired a new position in Avantis Moderate Allocation ETF during the third quarter valued at approximately $414,000. Integrity Wealth Solutions LLC grew its holdings in Avantis Moderate Allocation ETF by 17.4% during the fourth quarter. Integrity Wealth Solutions LLC now owns 9,577 shares of the company’s stock valued at $635,000 after purchasing an additional 1,420 shares during the period. Finally, Osaic Holdings Inc. increased its stake in Avantis Moderate Allocation ETF by 32.3% in the fourth quarter. Osaic Holdings Inc. now owns 11,347 shares of the company’s stock valued at $753,000 after purchasing an additional 2,771 shares in the last quarter.

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.