Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC) Sees Large Decrease in Short Interest

Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 23,682 shares, a decline of 57.5% from the August 31st total of 55,732 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 20,541 shares, the days-to-cover ratio is presently 1.2 days.

Avantis U.S. Mid Cap Equity ETF Price Performance

AVMC traded down $0.10 during trading on Tuesday, reaching $76.79. The company’s stock had a trading volume of 23,297 shares, compared to its average volume of 25,483. The company’s fifty day moving average price is $79.68 and its 200-day moving average price is $77.83. Avantis U.S. Mid Cap Equity ETF has a 52-week low of $66.64 and a 52-week high of $82.60.

Institutional Investors Weigh In On Avantis U.S. Mid Cap Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of AVMC. McIlrath & Eck LLC increased its stake in shares of Avantis U.S. Mid Cap Equity ETF by 2.5% during the 1st quarter. McIlrath & Eck LLC now owns 763,230 shares of the company’s stock worth $55,136,000 after purchasing an additional 18,674 shares in the last quarter. Tarbox Family Office Inc. lifted its stake in Avantis U.S. Mid Cap Equity ETF by 49.4% in the 2nd quarter. Tarbox Family Office Inc. now owns 240,067 shares of the company’s stock valued at $19,265,000 after buying an additional 79,406 shares in the last quarter. Berger Financial Group Inc lifted its stake in Avantis U.S. Mid Cap Equity ETF by 6.1% in the 1st quarter. Berger Financial Group Inc now owns 244,192 shares of the company’s stock valued at $17,640,000 after buying an additional 13,953 shares in the last quarter. Wealth Management Partners LLC grew its holdings in Avantis U.S. Mid Cap Equity ETF by 7.2% during the 1st quarter. Wealth Management Partners LLC now owns 217,157 shares of the company’s stock valued at $15,687,000 after buying an additional 14,579 shares during the last quarter. Finally, CGN Advisors LLC lifted its stake in shares of Avantis U.S. Mid Cap Equity ETF by 9.3% during the second quarter. CGN Advisors LLC now owns 180,847 shares of the company’s stock valued at $14,513,000 after buying an additional 15,386 shares during the period. Institutional investors and hedge funds own 0.13% of the company’s stock.

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.