Matthews India Active ETF (NYSEARCA:INDE) Sees Significant Growth in Short Interest

Matthews India Active ETF (NYSEARCA:INDE) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 187 shares, an increase of 171.0% from the November 30th total of 69 shares. Based on an average daily volume of 542 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 542 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Matthews India Active ETF

A number of large investors have recently modified their holdings of INDE. OLD Mission Capital LLC boosted its stake in Matthews India Active ETF by 29.8% in the 1st quarter. OLD Mission Capital LLC now owns 114,960 shares of the company’s stock worth $3,176,000 after purchasing an additional 26,423 shares in the last quarter. Navis Wealth Advisors LLC raised its holdings in shares of Matthews India Active ETF by 65.6% in the second quarter. Navis Wealth Advisors LLC now owns 13,976 shares of the company’s stock worth $422,000 after buying an additional 5,536 shares during the last quarter. Freedom Financial Partners LLC acquired a new stake in shares of Matthews India Active ETF during the second quarter worth $229,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Matthews India Active ETF during the third quarter valued at $290,000.

Matthews India Active ETF Stock Down 0.4%

Shares of Matthews India Active ETF stock traded down $0.12 during trading on Friday, reaching $29.99. The company’s stock had a trading volume of 89 shares, compared to its average volume of 1,902. Matthews India Active ETF has a 1-year low of $25.72 and a 1-year high of $31.44. The company has a 50-day simple moving average of $30.65 and a two-hundred day simple moving average of $30.11. The company has a market cap of $9.00 million, a price-to-earnings ratio of 32.13 and a beta of 0.07.

Matthews India Active ETF Company Profile

The Matthews India Active ETF (INDE) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects Indian companies capable of sustainable growth based on fundamentals. The fund follows an all-cap strategy while implementing a fundamental bottom-up approach. INDE was launched on Sep 22, 2023 and is issued by Matthews.