Avantis Core Fixed Income ETF (AVIG)

Avantis Core Fixed Income ETF is trading at $40.73, up 0.04% on the session. The 50 day average sits at $41.08 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 44.7, which reads as weak, and MACD is bullish crossover. Volume is below average.

The nearest support is around $40.69 with resistance near $40.98, so that band frames the current range. Average daily movement is roughly $0.14, or about 0.3% of the share price, which is what any stop placement has to allow for. The overall health score of 53 out of 100 combines a trend score of 32, momentum of 55 and a risk score of 84.

The fund invests primarily in investment grade quality debt obligations from a diverse group of U.S. and non-U.S. issuers. Under normal market conditions, it will invest at least 80% of its net assets, plus any borrowings for investment purposes, in fixed income securities. The fund seeks to maintain a weighted average duration within 2 years of the weighted average duration of its benchmark, the Bloomberg U.S. Aggregate Bond index, as calculated by the manager.