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 large decline in short interest in September. As of September 15th, there was short interest totaling 11,119 shares, a decline of 84.6% from the August 31st total of 72,245 shares. Based on an average daily trading volume, of 64,453 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Avantis Emerging Markets ex-China Equity ETF Trading Up 1.1%

NASDAQ:AVXC traded up $0.93 on Friday, reaching $83.61. The stock had a trading volume of 107,977 shares, compared to its average volume of 41,450. The company has a 50-day moving average of $81.18 and a 200 day moving average of $78.96. The stock has a market cap of $468.22 million, a P/E ratio of 13.75 and a beta of 0.92. Avantis Emerging Markets ex-China Equity ETF has a 12-month low of $59.15 and a 12-month high of $88.77.

Avantis Emerging Markets ex-China Equity ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Tuesday, September 8th were paid a $0.4484 dividend. This represents a $1.79 annualized dividend and a dividend yield of 2.1%. This is a positive change from Avantis Emerging Markets ex-China Equity ETF’s previous quarterly dividend of $0.4432. The ex-dividend date was Tuesday, September 8th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Global Strategic Investment Solutions LLC increased its holdings in Avantis Emerging Markets ex-China Equity ETF by 4.8% during the 1st quarter. Global Strategic Investment Solutions LLC now owns 5,768 shares of the company’s stock worth $390,000 after purchasing an additional 262 shares during the last quarter. PCG Wealth Advisors LLC boosted its stake in shares of Avantis Emerging Markets ex-China Equity ETF by 1.2% during the 2nd quarter. PCG Wealth Advisors LLC now owns 38,811 shares of the company’s stock valued at $3,324,000 after buying an additional 455 shares during the last quarter. AdvisorNet Financial Inc purchased a new position in shares of Avantis Emerging Markets ex-China Equity ETF during the 1st quarter valued at approximately $39,000. Bogart Wealth LLC acquired a new stake in shares of Avantis Emerging Markets ex-China Equity ETF during the first quarter worth approximately $47,000. Finally, JFS Wealth Advisors LLC acquired a new stake in shares of Avantis Emerging Markets ex-China Equity ETF during the second quarter worth approximately $243,000.

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.