Short Interest in Avantis U.S. Mid Cap Value ETF (NYSEARCA:AVMV) Decreases By 48.0%

Avantis U.S. Mid Cap Value ETF (NYSEARCA:AVMV) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 20,308 shares, a drop of 48.0% from the April 15th total of 39,079 shares. Based on an average trading volume of 33,102 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the company’s shares are sold short.

Avantis U.S. Mid Cap Value ETF Stock Down 0.8%

Avantis U.S. Mid Cap Value ETF stock traded down $0.64 during midday trading on Friday, hitting $77.60. 32,681 shares of the stock were exchanged, compared to its average volume of 47,331. The company has a fifty day simple moving average of $75.78 and a two-hundred day simple moving average of $73.75. Avantis U.S. Mid Cap Value ETF has a 52 week low of $62.05 and a 52 week high of $79.56. The stock has a market capitalization of $574.24 million, a PE ratio of 14.42 and a beta of 0.98.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Evensky & Katz LLC lifted its stake in Avantis U.S. Mid Cap Value ETF by 4.1% in the fourth quarter. Evensky & Katz LLC now owns 725,469 shares of the company’s stock valued at $51,653,000 after buying an additional 28,626 shares in the last quarter. Team Financial Group LLC lifted its stake in Avantis U.S. Mid Cap Value ETF by 2.3% in the first quarter. Team Financial Group LLC now owns 91,574 shares of the company’s stock valued at $6,793,000 after buying an additional 2,018 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Avantis U.S. Mid Cap Value ETF by 15.0% in the fourth quarter. Farther Finance Advisors LLC now owns 54,197 shares of the company’s stock valued at $3,859,000 after buying an additional 7,073 shares in the last quarter. First National Bank Sioux Falls lifted its stake in Avantis U.S. Mid Cap Value ETF by 21.2% in the first quarter. First National Bank Sioux Falls now owns 36,723 shares of the company’s stock valued at $2,816,000 after buying an additional 6,427 shares in the last quarter. Finally, Mosaic Family Wealth Partners LLC bought a new position in Avantis U.S. Mid Cap Value ETF in the first quarter valued at approximately $1,000,000.

About Avantis U.S. Mid Cap Value ETF

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