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

Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 2,900 shares, a decline of 55.4% from the February 13th total of 6,500 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 10,400 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AVXC. Red Lighthouse Investment Management LLC bought a new stake in Avantis Emerging Markets ex-China Equity ETF in the 4th quarter worth about $39,000. Global Strategic Investment Solutions LLC bought a new position in shares of Avantis Emerging Markets ex-China Equity ETF in the fourth quarter valued at approximately $269,000. Quantum Financial Advisors LLC increased its position in shares of Avantis Emerging Markets ex-China Equity ETF by 6.8% during the fourth quarter. Quantum Financial Advisors LLC now owns 16,503 shares of the company’s stock valued at $818,000 after acquiring an additional 1,055 shares during the last quarter. Prudent Man Investment Management Inc. bought a new stake in Avantis Emerging Markets ex-China Equity ETF during the fourth quarter worth $1,078,000. Finally, Jane Street Group LLC boosted its position in Avantis Emerging Markets ex-China Equity ETF by 24.1% in the third quarter. Jane Street Group LLC now owns 22,833 shares of the company’s stock worth $1,235,000 after purchasing an additional 4,435 shares during the last quarter.

Avantis Emerging Markets ex-China Equity ETF Price Performance

Shares of NASDAQ:AVXC opened at $49.14 on Friday. The business’s 50-day moving average is $49.66 and its 200-day moving average is $51.46. Avantis Emerging Markets ex-China Equity ETF has a 1 year low of $47.55 and a 1 year high of $55.72. The company has a market capitalization of $67.81 million, a price-to-earnings ratio of 12.48 and a beta of 0.83.

Avantis Emerging Markets ex-China Equity ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.3867 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This is a positive change from Avantis Emerging Markets ex-China Equity ETF’s previous dividend of $0.28.

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.