Matthews Asia Innovators Active ETF (NYSEARCA:MINV) Short Interest Down 19.9% in April

Matthews Asia Innovators Active ETF (NYSEARCA:MINV) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totaling 7,238 shares, a decline of 19.9% from the March 31st total of 9,032 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,844 shares, the short-interest ratio is presently 1.2 days.

Matthews Asia Innovators Active ETF Price Performance

Shares of MINV stock traded up $0.24 during trading hours on Friday, reaching $48.63. 7,456 shares of the company were exchanged, compared to its average volume of 16,974. Matthews Asia Innovators Active ETF has a fifty-two week low of $27.13 and a fifty-two week high of $49.28. The stock’s fifty day moving average is $41.12 and its two-hundred day moving average is $38.25. The company has a market cap of $150.75 million, a price-to-earnings ratio of 20.71 and a beta of 1.05.

Institutional Investors Weigh In On Matthews Asia Innovators Active ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. increased its stake in Matthews Asia Innovators Active ETF by 2.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 78,028 shares of the company’s stock valued at $2,755,000 after purchasing an additional 1,817 shares in the last quarter. Advisory Services Network LLC bought a new stake in Matthews Asia Innovators Active ETF in the third quarter valued at approximately $100,000. Sankala Group LLC bought a new stake in Matthews Asia Innovators Active ETF in the fourth quarter valued at approximately $96,000. Jane Street Group LLC bought a new stake in Matthews Asia Innovators Active ETF in the fourth quarter valued at approximately $305,000. Finally, Quantify Chaos Advisors LLC bought a new stake in Matthews Asia Innovators Active ETF in the fourth quarter valued at approximately $314,000.

Matthews Asia Innovators Active ETF Company Profile

The Matthews Asia Innovators Active ETF (MINV) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to hold stocks of innovative companies in Asia. Holdings are fundamentally screened for sustainable growth. MINV was launched on Jul 13, 2022 and is managed by Matthews.