Short Interest in Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC) Decreases By 15.0%

Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 21,062 shares, a decline of 15.0% from the December 31st total of 24,786 shares. Based on an average daily volume of 31,876 shares, the short-interest ratio is currently 0.7 days. Currently, 0.6% of the company’s stock are short sold. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 31,876 shares, the short-interest ratio is currently 0.7 days.

Avantis U.S. Mid Cap Equity ETF Price Performance

Shares of AVMC traded down $0.08 during midday trading on Tuesday, reaching $73.94. 6,675 shares of the stock were exchanged, compared to its average volume of 23,942. Avantis U.S. Mid Cap Equity ETF has a 52 week low of $53.29 and a 52 week high of $74.78. The company’s 50 day moving average is $72.13 and its two-hundred day moving average is $69.96.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. McIlrath & Eck LLC lifted its stake in shares of Avantis U.S. Mid Cap Equity ETF by 4.7% during the 4th quarter. McIlrath & Eck LLC now owns 744,556 shares of the company’s stock worth $52,595,000 after purchasing an additional 33,404 shares during the last quarter. HTG Investment Advisors Inc. lifted its position in shares of Avantis U.S. Mid Cap Equity ETF by 108.4% during the fourth quarter. HTG Investment Advisors Inc. now owns 7,437 shares of the company’s stock valued at $525,000 after buying an additional 3,869 shares during the last quarter. Madrid Wealth Management LLC bought a new stake in shares of Avantis U.S. Mid Cap Equity ETF in the 4th quarter valued at about $1,299,000. Chicago Partners Investment Group LLC grew its position in shares of Avantis U.S. Mid Cap Equity ETF by 2.3% in the 4th quarter. Chicago Partners Investment Group LLC now owns 63,223 shares of the company’s stock worth $4,670,000 after buying an additional 1,392 shares during the last quarter. Finally, Berger Financial Group Inc grew its position in shares of Avantis U.S. Mid Cap Equity ETF by 4.2% in the 4th quarter. Berger Financial Group Inc now owns 230,239 shares of the company’s stock worth $16,264,000 after buying an additional 9,353 shares during the last quarter. 0.13% of the stock is currently owned by hedge funds and other institutional investors.

About Avantis U.S. Mid Cap Equity ETF

The Avantis U.S. Mid Cap Equity ETF (AVMC) 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 companies selected based on fundamental criteria. AVMC was launched on Nov 7, 2023 and is issued by American Century Investments.