Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) Sees Significant Decline in Short Interest

Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 20,895 shares, a decrease of 64.8% from the May 31st total of 59,328 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 32,610 shares, the days-to-cover ratio is presently 0.6 days.

Avantis Emerging Markets ex-China Equity ETF Stock Performance

Shares of AVXC stock traded down $0.92 during mid-day trading on Friday, hitting $83.77. The company’s stock had a trading volume of 163,086 shares, compared to its average volume of 39,930. The company’s fifty day simple moving average is $81.38 and its 200-day simple moving average is $72.90. Avantis Emerging Markets ex-China Equity ETF has a 52 week low of $55.65 and a 52 week high of $88.77. The company has a market cap of $368.59 million, a PE ratio of 13.75 and a beta of 0.87.

Avantis Emerging Markets ex-China Equity ETF Increases Dividend

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

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

Several institutional investors have recently added to or reduced their stakes in AVXC. MAI Capital Management bought a new position in shares of Avantis Emerging Markets ex-China Equity ETF during the 3rd quarter worth approximately $26,000. Bank of Montreal Can bought a new stake in shares of Avantis Emerging Markets ex-China Equity ETF in the 4th quarter valued at $28,000. Bank of America Corp DE bought a new stake in shares of Avantis Emerging Markets ex-China Equity ETF in the 3rd quarter valued at $33,000. AdvisorNet Financial Inc acquired a new position in shares of Avantis Emerging Markets ex-China Equity ETF during the 1st quarter valued at $39,000. Finally, Bogart Wealth LLC acquired a new position in shares of Avantis Emerging Markets ex-China Equity ETF during the 1st quarter valued at $47,000.

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.