Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC) Stock Short Interest Falls 57.5%

Avantis U.S. Mid Cap Equity ETF (NYSEARCA:AVMC) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 23,682 shares, a drop of 57.5% from the August 31st total of 55,732 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 20,541 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Ameritas Advisory Services LLC bought a new position in shares of Avantis U.S. Mid Cap Equity ETF in the second quarter worth $721,000. Wealth Management Partners LLC grew its position in shares of Avantis U.S. Mid Cap Equity ETF by 7.2% in the first quarter. Wealth Management Partners LLC now owns 217,157 shares of the company’s stock valued at $15,687,000 after purchasing an additional 14,579 shares in the last quarter. Tarbox Family Office Inc. raised its stake in shares of Avantis U.S. Mid Cap Equity ETF by 49.4% during the 2nd quarter. Tarbox Family Office Inc. now owns 240,067 shares of the company’s stock valued at $19,265,000 after purchasing an additional 79,406 shares during the period. Corient Private Wealth LP bought a new stake in shares of Avantis U.S. Mid Cap Equity ETF during the 2nd quarter valued at $7,175,000. Finally, McIlrath & Eck LLC lifted its holdings in Avantis U.S. Mid Cap Equity ETF by 2.5% during the 1st quarter. McIlrath & Eck LLC now owns 763,230 shares of the company’s stock worth $55,136,000 after purchasing an additional 18,674 shares in the last quarter. 0.13% of the stock is currently owned by hedge funds and other institutional investors.

Avantis U.S. Mid Cap Equity ETF Stock Performance

Shares of NYSEARCA AVMC traded down $0.53 during midday trading on Monday, hitting $76.89. The company’s stock had a trading volume of 18,153 shares, compared to its average volume of 25,496. The stock has a fifty day moving average price of $79.71 and a 200 day moving average price of $77.80. Avantis U.S. Mid Cap Equity ETF has a one year low of $66.64 and a one year high of $82.60.

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.