Short Interest in Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Rises By 297.5%

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 31,514 shares, a growth of 297.5% from the November 30th total of 7,929 shares. Based on an average daily volume of 11,644 shares, the short-interest ratio is currently 2.7 days. Approximately 1.0% of the shares of the company are sold short. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 11,644 shares, the short-interest ratio is currently 2.7 days.

Avantis Core Municipal Fixed Income ETF Stock Performance

Shares of AVMU stock traded down $0.01 during trading hours on Friday, reaching $46.13. 4,126 shares of the company’s stock were exchanged, compared to its average volume of 16,829. The company’s 50 day moving average is $45.98 and its two-hundred day moving average is $45.18. Avantis Core Municipal Fixed Income ETF has a 1 year low of $42.23 and a 1 year high of $46.74.

Institutional Investors Weigh In On Avantis Core Municipal Fixed Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of AVMU. Crews Bank & Trust boosted its position in shares of Avantis Core Municipal Fixed Income ETF by 61.8% during the 3rd quarter. Crews Bank & Trust now owns 15,127 shares of the company’s stock worth $690,000 after purchasing an additional 5,780 shares in the last quarter. Flow Traders U.S. LLC lifted 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 valued at $226,000 after purchasing an additional 585 shares during the period. Nemes Rush Group LLC boosted its holdings in Avantis Core Municipal Fixed Income ETF by 14.6% during the second quarter. Nemes Rush Group LLC now owns 3,417 shares of the company’s stock worth $153,000 after buying an additional 436 shares in the last quarter. Finally, Fourth Dimension Wealth LLC grew its position in Avantis Core Municipal Fixed Income ETF by 13.6% during the second quarter. Fourth Dimension Wealth LLC now owns 4,682 shares of the company’s stock worth $210,000 after buying an additional 561 shares during the 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.