Short Interest in Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) Decreases By 69.2%

Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 12,092 shares, a drop of 69.2% from the April 15th total of 39,227 shares. Based on an average daily volume of 19,804 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AVXC. AE Wealth Management LLC raised its holdings in shares of Avantis Emerging Markets ex-China Equity ETF by 56.4% in the 4th quarter. AE Wealth Management LLC now owns 1,045,963 shares of the company’s stock valued at $66,701,000 after acquiring an additional 377,075 shares in the last quarter. Vestment Financial LLC increased its position in shares of Avantis Emerging Markets ex-China Equity ETF by 3.2% in the fourth quarter. Vestment Financial LLC now owns 224,409 shares of the company’s stock worth $14,833,000 after purchasing an additional 6,862 shares during the last quarter. Networth Advisors LLC purchased a new stake in Avantis Emerging Markets ex-China Equity ETF in the fourth quarter valued at approximately $1,950,000. Wealthcare Advisory Partners LLC raised its stake in Avantis Emerging Markets ex-China Equity ETF by 12.9% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 108,645 shares of the company’s stock valued at $6,928,000 after purchasing an additional 12,437 shares in the last quarter. Finally, Pacific Sage Partners LLC bought a new stake in Avantis Emerging Markets ex-China Equity ETF during the third quarter valued at approximately $8,840,000.

Avantis Emerging Markets ex-China Equity ETF Price Performance

Shares of AVXC traded down $0.01 during midday trading on Thursday, hitting $81.36. 26,287 shares of the company traded hands, compared to its average volume of 39,079. The stock has a 50-day moving average of $72.40 and a 200-day moving average of $68.27. Avantis Emerging Markets ex-China Equity ETF has a one year low of $52.90 and a one year high of $82.77. The firm has a market cap of $357.98 million, a P/E ratio of 13.75 and a beta of 0.82.

Avantis Emerging Markets ex-China Equity ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Tuesday, March 10th were issued a dividend of $0.0191 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, March 10th.

Avantis Emerging Markets ex-China Equity ETF Company Profile

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.