Avantis Moderate Allocation ETF (NYSEARCA:AVMA – Get Free Report) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 2,329 shares, a growth of 428.1% from the November 30th total of 441 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 3,587 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 3,587 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the shares of the company are sold short.
Hedge Funds Weigh In On Avantis Moderate Allocation ETF
Several institutional investors and hedge funds have recently bought and sold shares of AVMA. Advisory Services Network LLC purchased a new stake in Avantis Moderate Allocation ETF in the third quarter worth about $139,000. Keystone Financial Group Inc. bought a new position in shares of Avantis Moderate Allocation ETF during the 3rd quarter valued at approximately $164,000. Arlington Financial Advisors LLC bought a new position in shares of Avantis Moderate Allocation ETF during the 2nd quarter valued at approximately $204,000. Susquehanna International Group LLP purchased a new stake in Avantis Moderate Allocation ETF in the 3rd quarter worth approximately $414,000. Finally, Diversify Wealth Management LLC increased its holdings in Avantis Moderate Allocation ETF by 3.5% in the 3rd quarter. Diversify Wealth Management LLC now owns 6,711 shares of the company’s stock worth $440,000 after acquiring an additional 227 shares in the last quarter.
Avantis Moderate Allocation ETF Trading Up 0.3%
AVMA opened at $66.80 on Thursday. The firm’s 50 day simple moving average is $65.86 and its two-hundred day simple moving average is $64.06. The company has a market capitalization of $46.76 million, a PE ratio of 16.65 and a beta of 0.71. Avantis Moderate Allocation ETF has a 1-year low of $52.83 and a 1-year high of $67.61.
Avantis Moderate Allocation ETF Company Profile
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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