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

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Fourth Dimension Wealth LLC grew 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 worth $210,000 after purchasing an additional 561 shares during the last quarter. Nemes Rush Group LLC raised its holdings in shares of Avantis Core Municipal Fixed Income ETF by 14.6% during the second quarter. Nemes Rush Group LLC now owns 3,417 shares of the company’s stock valued at $153,000 after buying an additional 436 shares during the last quarter. Flow Traders U.S. LLC raised its holdings in shares of Avantis Core Municipal Fixed Income ETF by 13.1% during the second quarter. Flow Traders U.S. LLC now owns 5,043 shares of the company’s stock valued at $226,000 after buying an additional 585 shares during the last quarter. Finally, Crews Bank & Trust boosted its position in shares of Avantis Core Municipal Fixed Income ETF by 61.8% during the third quarter. Crews Bank & Trust now owns 15,127 shares of the company’s stock worth $690,000 after buying an additional 5,780 shares during the period.

Avantis Core Municipal Fixed Income ETF Stock Performance

AVMU stock traded up $0.01 during mid-day trading on Thursday, reaching $46.14. The company had a trading volume of 3,620 shares, compared to its average volume of 16,881. Avantis Core Municipal Fixed Income ETF has a one year low of $42.23 and a one year high of $46.74. The stock’s 50-day simple moving average is $45.98 and its two-hundred day simple moving average is $45.16.

About Avantis Core Municipal Fixed Income ETF

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.