Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU – Get Free Report) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 40,591 shares, an increase of 285.4% from the July 15th total of 10,532 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 17,149 shares, the days-to-cover ratio is presently 2.4 days.
Institutional Investors Weigh In On Avantis Core Municipal Fixed Income ETF
Several hedge funds have recently modified their holdings of the company. Fourth Dimension Wealth LLC grew its position in Avantis Core Municipal Fixed Income ETF by 6.0% during the 4th quarter. Fourth Dimension Wealth LLC now owns 4,123 shares of the company’s stock worth $191,000 after acquiring an additional 235 shares during the last quarter. Flow Traders U.S. LLC raised its position in Avantis Core Municipal Fixed Income ETF by 13.1% in the second quarter. Flow Traders U.S. LLC now owns 5,043 shares of the company’s stock valued at $226,000 after purchasing an additional 585 shares during the last quarter. Finally, Align Financial LLC acquired a new stake in shares of Avantis Core Municipal Fixed Income ETF during the fourth quarter valued at about $125,138,000.
Avantis Core Municipal Fixed Income ETF Stock Performance
Avantis Core Municipal Fixed Income ETF stock traded down $0.09 during mid-day trading on Friday, reaching $45.50. The company had a trading volume of 8,517 shares, compared to its average volume of 12,669. Avantis Core Municipal Fixed Income ETF has a fifty-two week low of $44.16 and a fifty-two week high of $47.14. The business has a fifty day simple moving average of $46.06 and a 200 day simple moving average of $46.26.
Avantis Core Municipal Fixed Income ETF Company Profile
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.
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