Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) Short Interest Update

Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 59,328 shares, an increase of 175.5% from the May 14th total of 21,533 shares. Based on an average daily volume of 48,774 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.3% of the company’s stock are short sold.

Institutional Trading of Avantis Emerging Markets ex-China Equity ETF

A number of hedge funds have recently made changes to their positions in the stock. AE Wealth Management LLC boosted its position in shares of Avantis Emerging Markets ex-China Equity ETF by 56.4% in the 4th quarter. AE Wealth Management LLC now owns 1,045,963 shares of the company’s stock worth $66,701,000 after purchasing an additional 377,075 shares in the last quarter. Clearwater Capital Advisors LLC boosted its position in shares of Avantis Emerging Markets ex-China Equity ETF by 13.8% in the 1st quarter. Clearwater Capital Advisors LLC now owns 464,766 shares of the company’s stock worth $31,433,000 after purchasing an additional 56,526 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Avantis Emerging Markets ex-China Equity ETF by 3.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 334,097 shares of the company’s stock worth $21,306,000 after purchasing an additional 10,483 shares in the last quarter. Vestment Financial LLC lifted its position in Avantis Emerging Markets ex-China Equity ETF by 3.2% in the 4th quarter. Vestment Financial LLC now owns 224,409 shares of the company’s stock valued at $14,833,000 after acquiring an additional 6,862 shares in the last quarter. Finally, Pacific Sage Partners LLC lifted its position in Avantis Emerging Markets ex-China Equity ETF by 0.9% in the 4th quarter. Pacific Sage Partners LLC now owns 148,846 shares of the company’s stock valued at $9,492,000 after acquiring an additional 1,344 shares in the last quarter.

Avantis Emerging Markets ex-China Equity ETF Stock Performance

Shares of AVXC traded up $0.48 during mid-day trading on Friday, reaching $83.37. The company had a trading volume of 28,387 shares, compared to its average volume of 38,959. The firm has a 50-day moving average price of $78.52 and a 200 day moving average price of $71.27. Avantis Emerging Markets ex-China Equity ETF has a 52 week low of $54.26 and a 52 week high of $86.80. The company has a market capitalization of $366.83 million, a price-to-earnings ratio of 13.75 and a beta of 0.87.

Avantis Emerging Markets ex-China Equity ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, June 9th were given a $0.4432 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.77 dividend on an annualized basis 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.

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.