Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Short Interest Down 22.9% in March

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 3,838 shares, a decrease of 22.9% from the March 15th total of 4,977 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 16,994 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Avantis Core Municipal Fixed Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fourth Dimension Wealth LLC increased its stake in shares of Avantis Core Municipal Fixed Income ETF by 6.0% in the fourth 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 period. Flow Traders U.S. LLC increased its stake in shares of 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 worth $226,000 after acquiring an additional 585 shares during the period. Crews Bank & Trust grew its position in Avantis Core Municipal Fixed Income ETF by 61.8% during the third quarter. Crews Bank & Trust now owns 15,127 shares of the company’s stock valued at $690,000 after buying an additional 5,780 shares during the period. Finally, Align Financial LLC acquired a new stake in Avantis Core Municipal Fixed Income ETF during the fourth quarter valued at $125,138,000.

Avantis Core Municipal Fixed Income ETF Trading Up 0.1%

NYSEARCA:AVMU opened at $46.23 on Wednesday. Avantis Core Municipal Fixed Income ETF has a 1-year low of $43.79 and a 1-year high of $47.14. The company’s fifty day moving average price is $46.42 and its 200-day moving average price is $46.20.

Avantis Core Municipal Fixed Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, February 9th. Stockholders of record on Thursday, February 5th were paid a $0.157 dividend. The ex-dividend date was Thursday, February 5th. This is an increase from Avantis Core Municipal Fixed Income ETF’s previous monthly dividend of $0.12. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

About Avantis Core Municipal Fixed Income ETF

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.