Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) Short Interest Down 85.4% in August

Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 11,402 shares, a decline of 85.4% from the July 30th total of 78,272 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 59,774 shares, the days-to-cover ratio is currently 0.2 days.

Avantis Emerging Markets ex-China Equity ETF Stock Up 0.4%

NASDAQ:AVXC traded up $0.30 during trading hours on Friday, reaching $82.97. 5,318 shares of the stock were exchanged, compared to its average volume of 39,191. The firm has a 50 day simple moving average of $81.07 and a 200-day simple moving average of $77.47. Avantis Emerging Markets ex-China Equity ETF has a 52 week low of $56.33 and a 52 week high of $88.77. The stock has a market capitalization of $414.85 million, a P/E ratio of 13.75 and a beta of 0.91.

Avantis Emerging Markets ex-China Equity ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Tuesday, June 9th were given a dividend of $0.4432 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.77 annualized dividend and a dividend yield of 2.1%. This is an increase from Avantis Emerging Markets ex-China Equity ETF’s previous quarterly dividend of $0.02.

Hedge Funds Weigh In On Avantis Emerging Markets ex-China Equity ETF

A number of hedge funds have recently added to or reduced their stakes in AVXC. Madrid Wealth Management LLC acquired a new stake in shares of Avantis Emerging Markets ex-China Equity ETF during the fourth quarter worth $1,559,000. Mach 1 Financial Group LLC bought a new stake in shares of Avantis Emerging Markets ex-China Equity ETF during the 4th quarter valued at about $3,211,000. CWS Financial Advisors LLC bought a new stake in shares of Avantis Emerging Markets ex-China Equity ETF during the 1st quarter valued at about $1,732,000. Clearwater Capital Advisors LLC raised its stake in Avantis Emerging Markets ex-China Equity ETF by 13.8% during the first quarter. Clearwater Capital Advisors LLC now owns 464,766 shares of the company’s stock worth $31,433,000 after acquiring an additional 56,526 shares during the period. Finally, Osaic Holdings Inc. bought a new position in Avantis Emerging Markets ex-China Equity ETF in the second quarter worth about $78,000.

About Avantis Emerging Markets ex-China Equity ETF

The Avantis Emerging Markets ex-China Equity ETF (AVXC) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in emerging market companies (excluding China) with high profitability and value characteristics. The fund seeks long-term capital growth AVXC was launched on Mar 19, 2024 and is issued by American Century Investments.