Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Sees Large Decrease in Short Interest

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,790 shares, a drop of 69.6% from the August 15th total of 9,191 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 17,885 shares, the days-to-cover ratio is presently 0.2 days.

Avantis Core Municipal Fixed Income ETF Price Performance

Shares of AVMU traded up $0.16 during trading on Friday, reaching $43.78. 43,640 shares of the company traded hands, compared to its average volume of 13,414. The stock has a 50-day simple moving average of $45.31 and a 200-day simple moving average of $45.96. Avantis Core Municipal Fixed Income ETF has a twelve month low of $43.60 and a twelve month high of $47.14.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Avantis Core Municipal Fixed Income ETF stock. Align Financial LLC acquired a new stake in Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,706,279 shares of the company’s stock, valued at approximately $125,138,000. Avantis Core Municipal Fixed Income ETF makes up about 0.6% of Align Financial LLC’s holdings, making the stock its 29th biggest position. Align Financial LLC owned 82.01% of Avantis Core Municipal Fixed Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.