Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) Short Interest Up 648.6% in July

Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 57,236 shares, a growth of 648.6% from the June 30th total of 7,646 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily volume of 31,643 shares, the short-interest ratio is currently 1.8 days.

Avantis Emerging Markets ex-China Equity ETF Stock Down 1.6%

Shares of NASDAQ:AVXC opened at $77.87 on Friday. The company has a market cap of $389.35 million, a P/E ratio of 13.75 and a beta of 0.86. Avantis Emerging Markets ex-China Equity ETF has a 52 week low of $55.65 and a 52 week high of $88.77. The company has a 50-day moving average price of $82.48 and a 200 day moving average price of $75.42.

Avantis Emerging Markets ex-China Equity ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Tuesday, June 9th were given a dividend of $0.4432 per share. This represents a $1.77 annualized dividend and a yield of 2.3%. The ex-dividend date was Tuesday, June 9th. This is a positive change from Avantis Emerging Markets ex-China Equity ETF’s previous quarterly dividend of $0.02.

Institutional Trading of Avantis Emerging Markets ex-China Equity ETF

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in shares of Avantis Emerging Markets ex-China Equity ETF by 18.0% in the second quarter. JPMorgan Chase & Co. now owns 52,971 shares of the company’s stock valued at $2,999,000 after buying an additional 8,086 shares in the last quarter. Jane Street Group LLC acquired a new position in Avantis Emerging Markets ex-China Equity ETF during the second quarter worth $5,132,000. Osaic Holdings Inc. purchased a new position in Avantis Emerging Markets ex-China Equity ETF in the second quarter worth $78,000. Bank of America Corp DE purchased a new position in Avantis Emerging Markets ex-China Equity ETF in the third quarter worth $33,000. Finally, Mercer Global Advisors Inc. ADV raised its position in Avantis Emerging Markets ex-China Equity ETF by 59.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 323,614 shares of the company’s stock worth $19,394,000 after acquiring an additional 121,195 shares in the last quarter.

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.