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

Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXCGet Free Report) saw 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 trading volume, of 48,774 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On Avantis Emerging Markets ex-China Equity ETF

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

Avantis Emerging Markets ex-China Equity ETF Price Performance

Shares of AVXC traded up $0.48 during trading hours on Friday, hitting $83.37. The stock had a trading volume of 28,387 shares, compared to its average volume of 38,959. The company’s fifty day moving average is $78.52 and its two-hundred day moving average is $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 stock 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 company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, June 9th were issued a $0.4432 dividend. This represents a $1.77 annualized dividend and a dividend yield of 2.1%. 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.

Avantis Emerging Markets ex-China Equity ETF Company Profile

(Get Free Report)

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.

Further Reading

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