Short Interest in Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) Rises By 533.6%

Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 72,245 shares, a growth of 533.6% from the August 15th total of 11,402 shares. Based on an average daily volume of 31,373 shares, the short-interest ratio is currently 2.3 days. Approximately 1.4% of the company’s shares are short sold.

Institutional Investors Weigh In On Avantis Emerging Markets ex-China Equity ETF

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

Avantis Emerging Markets ex-China Equity ETF Stock Performance

AVXC stock opened at $82.81 on Friday. The firm has a market cap of $414.05 million, a P/E ratio of 13.75 and a beta of 0.92. The firm’s fifty day moving average is $80.81 and its 200 day moving average is $78.22. Avantis Emerging Markets ex-China Equity ETF has a 52 week low of $59.15 and a 52 week high of $88.77.

Avantis Emerging Markets ex-China Equity ETF Increases Dividend

The business 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 represents a $1.79 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from Avantis Emerging Markets ex-China Equity ETF’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, September 8th.

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.