Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Stock Short Interest Jumps 433.2%

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 14,877 shares, a growth of 433.2% from the August 31st total of 2,790 shares. Based on an average daily volume of 28,777 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the company’s shares are short sold.

Avantis Core Municipal Fixed Income ETF Trading Down 0.6%

Shares of AVMU opened at $43.00 on Friday. The business’s fifty day moving average price is $44.82 and its two-hundred day moving average price is $45.73. Avantis Core Municipal Fixed Income ETF has a 52 week low of $42.75 and a 52 week high of $47.14.

Institutional Trading of Avantis Core Municipal Fixed Income ETF

An institutional investor recently bought a new stake in Avantis Core Municipal Fixed Income ETF stock. Align Financial LLC bought a new stake in Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,706,279 shares of the company’s stock, valued at approximately $125,138,000. Avantis Core Municipal Fixed Income ETF comprises about 0.6% of Align Financial LLC’s investment portfolio, making the stock its 29th biggest position. Align Financial LLC owned approximately 82.01% of Avantis Core Municipal Fixed Income ETF at the end of the most recent reporting period.

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.