Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Short Interest Down 69.6% in August

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 2,790 shares, a decline of 69.6% from the August 15th total of 9,191 shares. Based on an average trading volume of 17,885 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Avantis Core Municipal Fixed Income ETF Stock Down 0.1%

Shares of NYSEARCA AVMU traded down $0.06 during mid-day trading on Monday, hitting $43.72. The company’s stock had a trading volume of 51,290 shares, compared to its average volume of 13,630. The company’s fifty day simple moving average is $45.31 and its 200-day simple moving average is $45.95. Avantis Core Municipal Fixed Income ETF has a one year low of $43.60 and a one year high of $47.14.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Avantis Core Municipal Fixed Income ETF stock. Align Financial LLC purchased a new position in shares of Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,706,279 shares of the company’s stock, valued at approximately $125,138,000. Avantis Core Municipal Fixed Income ETF makes up 0.6% of Align Financial LLC’s portfolio, making the stock its 29th biggest position. Align Financial LLC owned approximately 82.01% of Avantis Core Municipal Fixed Income ETF at the end of the most recent reporting period.

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.