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

Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 21,300 shares, an increase of 634.5% from the February 28th total of 2,900 shares. Based on an average trading volume of 10,900 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.5% of the company’s shares are sold short.

Avantis Emerging Markets ex-China Equity ETF Stock Performance

Shares of NASDAQ AVXC traded down $0.53 during mid-day trading on Wednesday, reaching $49.74. 7,704 shares of the company’s stock were exchanged, compared to its average volume of 9,247. The company’s 50-day moving average is $49.67 and its 200-day moving average is $51.28. The firm has a market capitalization of $68.64 million, a price-to-earnings ratio of 12.48 and a beta of 0.83. Avantis Emerging Markets ex-China Equity ETF has a 52-week low of $47.55 and a 52-week high of $55.72.

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

Institutional investors have recently made changes to their positions in the stock. Red Lighthouse Investment Management LLC purchased a new stake in Avantis Emerging Markets ex-China Equity ETF during the fourth quarter worth about $39,000. Global Strategic Investment Solutions LLC acquired a new position in shares of Avantis Emerging Markets ex-China Equity ETF in the fourth quarter worth $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 worth $818,000 after acquiring an additional 1,055 shares during the period. Prudent Man Investment Management Inc. acquired a new stake in shares of Avantis Emerging Markets ex-China Equity ETF in the fourth quarter valued at $1,078,000. Finally, Jane Street Group LLC boosted its holdings 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 valued at $1,235,000 after purchasing an additional 4,435 shares during the period.

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.