Avantis Moderate Allocation ETF (NYSEARCA:AVMA – Get Free Report) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 4,994 shares, a decrease of 41.4% from the June 15th total of 8,521 shares. Based on an average trading volume of 10,651 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.5% of the company’s stock are sold short.
Institutional Trading of Avantis Moderate Allocation ETF
Several hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new position in Avantis Moderate Allocation ETF during the 4th quarter worth approximately $40,000. Advisory Services Network LLC purchased a new stake in shares of Avantis Moderate Allocation ETF during the 3rd quarter worth $139,000. Arlington Financial Advisors LLC purchased a new stake in shares of Avantis Moderate Allocation ETF during the 4th quarter worth $223,000. Susquehanna International Group LLP acquired a new position in shares of Avantis Moderate Allocation ETF during the third quarter worth $414,000. Finally, Integrity Wealth Solutions LLC grew its stake in shares of Avantis Moderate Allocation ETF by 17.4% during the fourth quarter. Integrity Wealth Solutions LLC now owns 9,577 shares of the company’s stock worth $635,000 after purchasing an additional 1,420 shares in the last quarter.
Avantis Moderate Allocation ETF Trading Down 0.4%
NYSEARCA:AVMA traded down $0.26 during midday trading on Friday, reaching $72.43. The company had a trading volume of 5,220 shares, compared to its average volume of 5,420. Avantis Moderate Allocation ETF has a 12-month low of $61.40 and a 12-month high of $73.50. The firm has a market capitalization of $79.67 million, a price-to-earnings ratio of 16.65 and a beta of 0.66. The stock’s fifty day simple moving average is $72.51 and its 200-day simple moving average is $70.14.
About Avantis Moderate Allocation ETF
The Avantis Moderate Allocation ETF (AVMA) is an exchange-traded fund that mostly invests in target risk asset allocation. The fund is an actively managed, asset allocation fund-of-funds that invests with moderate risk in a broad basket of equity and fixed income ETFs. AVMA was launched on Jun 27, 2023 and is managed by American Century Investments.
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