Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Short Interest Down 71.7% in March

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 4,977 shares, a drop of 71.7% from the February 26th total of 17,588 shares. Based on an average daily trading volume, of 11,087 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

Avantis Core Municipal Fixed Income ETF Price Performance

Shares of NYSEARCA AVMU traded down $0.20 during midday trading on Friday, reaching $45.43. The company’s stock had a trading volume of 25,633 shares, compared to its average volume of 9,741. The firm has a 50 day moving average price of $46.56 and a 200-day moving average price of $46.16. Avantis Core Municipal Fixed Income ETF has a 12-month low of $42.23 and a 12-month high of $47.14.

Avantis Core Municipal Fixed Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, February 9th. Shareholders of record on Thursday, February 5th were given a $0.157 dividend. This is an increase from Avantis Core Municipal Fixed Income ETF’s previous monthly dividend of $0.12. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, February 5th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Fourth Dimension Wealth LLC raised its stake in shares of Avantis Core Municipal Fixed Income ETF by 6.0% during the 4th quarter. Fourth Dimension Wealth LLC now owns 4,123 shares of the company’s stock worth $191,000 after purchasing an additional 235 shares during the period. Flow Traders U.S. LLC grew its position in 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 period. Crews Bank & Trust grew its position in 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 valued at $690,000 after buying an additional 5,780 shares during the period. Finally, Align Financial LLC purchased a new stake in Avantis Core Municipal Fixed Income ETF during the fourth quarter worth about $125,138,000.

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.