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 recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 20,895 shares, a drop of 64.8% from the May 31st total of 59,328 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 32,610 shares, the short-interest ratio is currently 0.6 days.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AE Wealth Management LLC raised its holdings in Avantis Emerging Markets ex-China Equity ETF by 56.4% during 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 during the last quarter. Clearwater Capital Advisors LLC boosted its stake 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 valued at $31,433,000 after purchasing an additional 56,526 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake 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 valued at $21,306,000 after purchasing an additional 10,483 shares during the last quarter. Vestment Financial LLC increased its position in shares of Avantis Emerging Markets ex-China Equity ETF by 3.2% during the fourth quarter. Vestment Financial LLC now owns 224,409 shares of the company’s stock worth $14,833,000 after buying an additional 6,862 shares during the period. Finally, Pacific Sage Partners LLC increased its position in shares of Avantis Emerging Markets ex-China Equity ETF by 0.9% during the fourth quarter. Pacific Sage Partners LLC now owns 148,846 shares of the company’s stock worth $9,492,000 after buying an additional 1,344 shares during the period.

Avantis Emerging Markets ex-China Equity ETF Price Performance

Shares of Avantis Emerging Markets ex-China Equity ETF stock traded down $0.92 during 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 stock has a market cap of $368.59 million, a price-to-earnings ratio of 13.75 and a beta of 0.87. Avantis Emerging Markets ex-China Equity ETF has a 52 week low of $55.65 and a 52 week high of $88.77. The stock has a 50-day moving average price of $81.38 and a two-hundred day moving average price of $72.90.

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 paid a $0.4432 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This is a positive change from Avantis Emerging Markets ex-China Equity ETF’s previous quarterly dividend of $0.02. This represents a $1.77 annualized dividend and a dividend yield of 2.1%.

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.