Short Interest in Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) Drops By 90.0%

Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 13,779 shares, a decline of 90.0% from the February 12th total of 137,143 shares. Based on an average daily volume of 36,051 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 36,051 shares, the days-to-cover ratio is presently 0.4 days.

Avantis Emerging Markets ex-China Equity ETF Price Performance

Shares of AVXC stock traded down $1.90 during trading hours on Thursday, reaching $67.94. 42,662 shares of the company were exchanged, compared to its average volume of 35,031. Avantis Emerging Markets ex-China Equity ETF has a fifty-two week low of $43.21 and a fifty-two week high of $76.42. The stock’s fifty day moving average is $69.92 and its two-hundred day moving average is $64.24. The company has a market cap of $237.79 million, a price-to-earnings ratio of 13.75 and a beta of 0.47.

Avantis Emerging Markets ex-China Equity ETF Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Tuesday, March 10th will be 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 is Tuesday, March 10th.

Hedge Funds Weigh In On Avantis Emerging Markets ex-China Equity ETF

Hedge funds have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV increased its stake in Avantis Emerging Markets ex-China Equity ETF by 3.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 334,097 shares of the company’s stock valued at $21,306,000 after purchasing an additional 10,483 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Avantis Emerging Markets ex-China Equity ETF by 67.2% in the 4th quarter. Osaic Holdings Inc. now owns 2,334 shares of the company’s stock valued at $149,000 after buying an additional 938 shares during the period. Jane Street Group LLC bought a new stake in shares of Avantis Emerging Markets ex-China Equity ETF in the 4th quarter valued at $663,000. Bank of Montreal Can acquired a new stake in Avantis Emerging Markets ex-China Equity ETF during the 4th quarter worth $28,000. Finally, LPL Financial LLC bought a new position in Avantis Emerging Markets ex-China Equity ETF during the fourth quarter worth about $266,000.

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.