Avantis U.S. Mid Cap Value ETF (NYSEARCA:AVMV) Sees Large Increase in Short Interest

Avantis U.S. Mid Cap Value ETF (NYSEARCA:AVMV) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 8,528 shares, a growth of 14.4% from the February 12th total of 7,455 shares. Based on an average trading volume of 41,893 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 41,893 shares, the days-to-cover ratio is presently 0.2 days.

Avantis U.S. Mid Cap Value ETF Stock Down 1.0%

Avantis U.S. Mid Cap Value ETF stock opened at $72.76 on Thursday. The business’s 50-day simple moving average is $75.54 and its 200 day simple moving average is $71.65. The stock has a market cap of $414.73 million, a price-to-earnings ratio of 14.42 and a beta of 1.28. Avantis U.S. Mid Cap Value ETF has a 12-month low of $52.42 and a 12-month high of $78.73.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Kelleher Financial Advisors acquired a new stake in shares of Avantis U.S. Mid Cap Value ETF during the 4th quarter worth approximately $30,000. Cloud Capital Management LLC acquired a new position in Avantis U.S. Mid Cap Value ETF in the third quarter valued at approximately $80,000. Harbor Investment Advisory LLC bought a new position in Avantis U.S. Mid Cap Value ETF in the fourth quarter valued at approximately $85,000. First National Bank Sioux Falls boosted its stake in Avantis U.S. Mid Cap Value ETF by 19.8% in the third quarter. First National Bank Sioux Falls now owns 27,486 shares of the company’s stock valued at $1,893,000 after acquiring an additional 4,552 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Avantis U.S. Mid Cap Value ETF by 55.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 47,124 shares of the company’s stock worth $3,246,000 after acquiring an additional 16,852 shares during the period.

Avantis U.S. Mid Cap Value ETF Company Profile

The Avantis U.S. Mid Cap Value ETF (AVMV) 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 value companies selected based on fundamental criteria. AVMV was launched on Nov 7, 2023 and is issued by American Century Investments.