Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) Short Interest Up 533.6% in August

Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 72,245 shares, a growth of 533.6% from the August 15th total of 11,402 shares. Based on an average daily volume of 31,373 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.4% of the company’s stock are short sold.

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

Several hedge funds and other institutional investors have recently modified their holdings of AVXC. Bank of Montreal Can purchased a new stake in Avantis Emerging Markets ex-China Equity ETF in the fourth quarter worth about $28,000. Bank of America Corp DE bought a new stake in shares of Avantis Emerging Markets ex-China Equity ETF in the third quarter worth about $33,000. AdvisorNet Financial Inc purchased a new stake in shares of Avantis Emerging Markets ex-China Equity ETF during the 1st quarter worth approximately $39,000. Bogart Wealth LLC bought a new position in Avantis Emerging Markets ex-China Equity ETF during the first quarter valued at $47,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of Avantis Emerging Markets ex-China Equity ETF in the 4th quarter valued at about $64,000.

Avantis Emerging Markets ex-China Equity ETF Stock Performance

Shares of NASDAQ:AVXC opened at $82.81 on Friday. The business has a 50-day simple moving average of $80.81 and a two-hundred day simple moving average of $78.22. Avantis Emerging Markets ex-China Equity ETF has a fifty-two week low of $59.15 and a fifty-two week high of $88.77. The firm has a market cap of $414.05 million, a price-to-earnings ratio of 13.75 and a beta of 0.92.

Avantis Emerging Markets ex-China Equity ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Tuesday, September 8th were issued a $0.4484 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This is an increase from Avantis Emerging Markets ex-China Equity ETF’s previous quarterly dividend of $0.44. This represents a $1.79 annualized dividend and a dividend yield of 2.2%.

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.