Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Sees Significant Growth in Short Interest

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 40,591 shares, a growth of 285.4% from the July 15th total of 10,532 shares. Based on an average daily volume of 17,149 shares, the short-interest ratio is currently 2.4 days. Approximately 1.1% of the shares of the stock are sold short.

Avantis Core Municipal Fixed Income ETF Stock Down 0.0%

Shares of AVMU stock opened at $45.54 on Thursday. The stock has a fifty day moving average price of $46.07 and a 200 day moving average price of $46.26. Avantis Core Municipal Fixed Income ETF has a 1 year low of $44.15 and a 1 year high of $47.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fourth Dimension Wealth LLC boosted its position in shares of Avantis Core Municipal Fixed Income ETF by 6.0% in the 4th quarter. Fourth Dimension Wealth LLC now owns 4,123 shares of the company’s stock worth $191,000 after buying an additional 235 shares in the last quarter. Flow Traders U.S. LLC grew its stake in Avantis Core Municipal Fixed Income ETF by 13.1% in the 2nd quarter. Flow Traders U.S. LLC now owns 5,043 shares of the company’s stock valued at $226,000 after acquiring an additional 585 shares during the last quarter. Finally, Align Financial LLC purchased a new position in Avantis Core Municipal Fixed Income ETF during the 4th quarter valued at 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.