Short Interest in Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) Grows By 175.5%

Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) was the recipient of a significant 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. Currently, 1.3% of the company’s stock are short sold. Based on an average trading volume of 48,774 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Trading of Avantis Emerging Markets ex-China Equity ETF

Hedge funds have recently added to or reduced their stakes in the company. MAI Capital Management acquired a new stake in Avantis Emerging Markets ex-China Equity ETF in the third quarter valued at approximately $26,000. Bank of Montreal Can acquired a new stake in Avantis Emerging Markets ex-China Equity ETF in the fourth quarter valued at approximately $28,000. Bank of America Corp DE acquired a new stake in Avantis Emerging Markets ex-China Equity ETF in the third quarter valued at approximately $33,000. AdvisorNet Financial Inc acquired a new stake in Avantis Emerging Markets ex-China Equity ETF in the first quarter valued at approximately $39,000. Finally, Bogart Wealth LLC acquired a new stake in Avantis Emerging Markets ex-China Equity ETF in the first quarter valued at approximately $47,000.

Avantis Emerging Markets ex-China Equity ETF Trading Up 0.6%

NASDAQ:AVXC traded up $0.48 during mid-day trading on Friday, hitting $83.37. The stock had a trading volume of 28,387 shares, compared to its average volume of 38,959. The stock has a 50-day simple moving average of $78.22 and a two-hundred day simple moving average of $71.19. The company has a market capitalization of $366.83 million, a PE ratio of 13.75 and a beta of 0.87. Avantis Emerging Markets ex-China Equity ETF has a twelve month low of $54.26 and a twelve month high of $86.80.

Avantis Emerging Markets ex-China Equity ETF Increases Dividend

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

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.