Short Interest in Avantis Short-Term Fixed Income ETF (NYSEARCA:AVSF) Expands By 159.9%
by Doug Wharley · The Cerbat GemAvantis Short-Term Fixed Income ETF (NYSEARCA:AVSF – Get Free Report) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 17,630 shares, a growth of 159.9% from the April 15th total of 6,784 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 64,926 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Trading of Avantis Short-Term Fixed Income ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp purchased a new stake in Avantis Short-Term Fixed Income ETF during the 1st quarter worth about $1,193,000. Wilkerson Advisory Group LLC purchased a new stake in Avantis Short-Term Fixed Income ETF during the 4th quarter worth about $10,803,000. JDM Financial Group LLC purchased a new stake in Avantis Short-Term Fixed Income ETF during the 4th quarter worth about $209,000. Strategic Blueprint LLC increased its position in Avantis Short-Term Fixed Income ETF by 7.7% during the 4th quarter. Strategic Blueprint LLC now owns 159,772 shares of the company’s stock worth $7,523,000 after purchasing an additional 11,404 shares in the last quarter. Finally, Ares Financial Consulting LLC purchased a new stake in Avantis Short-Term Fixed Income ETF during the 4th quarter worth about $28,000.
Avantis Short-Term Fixed Income ETF Trading Down 0.2%
Shares of NYSEARCA:AVSF traded down $0.09 during midday trading on Friday, hitting $46.47. 28,425 shares of the stock were exchanged, compared to its average volume of 105,910. Avantis Short-Term Fixed Income ETF has a twelve month low of $46.46 and a twelve month high of $47.38. The company has a 50 day moving average price of $46.76 and a 200-day moving average price of $47.01.
Avantis Short-Term Fixed Income ETF Company Profile
The Avantis Short-Term Fixed Income ETF (AVSF) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF investing in investment-grade, short-term fixed income securities across sectors from issuers around the globe. AVSF was launched on Oct 15, 2020 and is managed by American Century Investments.