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

Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 34,514 shares, an increase of 372.1% from the September 30th total of 7,310 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 29,101 shares, the days-to-cover ratio is currently 1.2 days.

Avantis Emerging Markets ex-China Equity ETF Stock Performance

Avantis Emerging Markets ex-China Equity ETF stock opened at $77.33 on Friday. The firm has a market capitalization of $440.78 million, a PE ratio of 13.75 and a beta of 0.92. Avantis Emerging Markets ex-China Equity ETF has a one year low of $60.18 and a one year high of $88.77. The stock’s 50 day moving average price is $81.57 and its 200 day moving average price is $77.53.

Avantis Emerging Markets ex-China Equity ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Tuesday, September 8th were paid a dividend of $0.4484 per share. This is an increase from Avantis Emerging Markets ex-China Equity ETF’s previous quarterly dividend of $0.4432. This represents a $1.79 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, September 8th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Bogart Wealth LLC purchased a new stake in Avantis Emerging Markets ex-China Equity ETF during the 1st quarter worth $47,000. Balance Wealth Partners LLC acquired a new stake in shares of Avantis Emerging Markets ex-China Equity ETF during the third quarter valued at about $124,000. JFS Wealth Advisors LLC purchased a new stake in shares of Avantis Emerging Markets ex-China Equity ETF during the second quarter worth about $243,000. IFP Advisors Inc purchased a new stake in shares of Avantis Emerging Markets ex-China Equity ETF during the third quarter worth about $277,000. Finally, Beta Wealth Group Inc. purchased a new stake in shares of Avantis Emerging Markets ex-China Equity ETF during the first quarter worth about $313,000.

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.