Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC – Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 10,700 shares, a decline of 40.6% from the May 15th total of 18,000 shares. Based on an average daily trading volume, of 23,300 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the company’s stock are short sold.
Institutional Trading of Avantis U.S. Mid Cap Equity ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the business. HB Wealth Management LLC purchased a new position in Avantis U.S. Mid Cap Equity ETF during the 1st quarter worth $17,653,000. Mercer Global Advisors Inc. ADV acquired a new stake in Avantis U.S. Mid Cap Equity ETF in the fourth quarter worth about $5,737,000. Kestra Advisory Services LLC purchased a new position in shares of Avantis U.S. Mid Cap Equity ETF in the 1st quarter valued at approximately $3,741,000. CGN Advisors LLC boosted its stake in Avantis U.S. Mid Cap Equity ETF by 53.0% in the 1st quarter. CGN Advisors LLC now owns 147,061 shares of the company’s stock worth $9,115,000 after purchasing an additional 50,967 shares in the last quarter. Finally, McIlrath & Eck LLC grew its position in Avantis U.S. Mid Cap Equity ETF by 7.0% during the 4th quarter. McIlrath & Eck LLC now owns 634,915 shares of the company’s stock worth $41,263,000 after purchasing an additional 41,772 shares during the last quarter.
Avantis U.S. Mid Cap Equity ETF Stock Up 1.2%
Shares of NYSEARCA AVMC traded up $0.79 during trading hours on Monday, hitting $64.94. 20,817 shares of the stock were exchanged, compared to its average volume of 16,987. Avantis U.S. Mid Cap Equity ETF has a 12 month low of $53.29 and a 12 month high of $70.73. The firm has a fifty day moving average price of $62.00 and a 200-day moving average price of $64.28. The company has a market cap of $175.34 million, a PE ratio of 18.56 and a beta of 0.98.
About Avantis U.S. Mid Cap Equity ETF
The Avantis U.S. Mid Cap Equity ETF (AVMC) 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 companies selected based on fundamental criteria. AVMC was launched on Nov 7, 2023 and is issued by American Century Investments.
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