Avantis U.S. Mid Cap Value ETF (NYSEARCA:AVMV) Sees Significant Growth in Short Interest
by Amy Steele · The Cerbat GemAvantis U.S. Mid Cap Value ETF (NYSEARCA:AVMV – Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 59,819 shares, a growth of 834.5% from the March 15th total of 6,401 shares. Based on an average daily volume of 44,646 shares, the short-interest ratio is presently 1.3 days. Approximately 0.9% of the company’s shares are short sold.
Institutional Investors Weigh In On Avantis U.S. Mid Cap Value ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AVMV. Kelleher Financial Advisors purchased a new stake in Avantis U.S. Mid Cap Value ETF during the 4th quarter worth $30,000. Cloud Capital Management LLC purchased a new stake in Avantis U.S. Mid Cap Value ETF during the 3rd quarter worth $80,000. Harbor Investment Advisory LLC purchased a new stake in Avantis U.S. Mid Cap Value ETF during the 4th quarter worth $85,000. First National Bank Sioux Falls increased its stake in Avantis U.S. Mid Cap Value ETF by 19.8% during the 3rd quarter. First National Bank Sioux Falls now owns 27,486 shares of the company’s stock worth $1,893,000 after buying an additional 4,552 shares during the period. Finally, Farther Finance Advisors LLC increased its stake 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 buying an additional 16,852 shares during the period.
Avantis U.S. Mid Cap Value ETF Stock Down 0.7%
Shares of AVMV stock traded down $0.50 during mid-day trading on Friday, reaching $75.79. The company’s stock had a trading volume of 96,618 shares, compared to its average volume of 52,796. The company’s 50 day simple moving average is $75.46 and its 200-day simple moving average is $72.21. Avantis U.S. Mid Cap Value ETF has a 12-month low of $55.11 and a 12-month high of $78.73. The firm has a market capitalization of $530.53 million, a PE ratio of 14.42 and a beta of 1.11.
About Avantis U.S. Mid Cap Value ETF
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.