Matthews China Discovery Active ETF (NASDAQ:MCHS) Sees Large Decline in Short Interest

Matthews China Discovery Active ETF (NASDAQ:MCHS) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 2,467 shares, a drop of 93.6% from the May 14th total of 38,666 shares. Based on an average daily trading volume, of 4,771 shares, the short-interest ratio is currently 0.5 days. Approximately 3.1% of the shares of the company are sold short.

Matthews China Discovery Active ETF Stock Up 2.2%

NASDAQ MCHS traded up $0.98 during trading hours on Tuesday, hitting $45.36. The company had a trading volume of 562 shares, compared to its average volume of 5,480. Matthews China Discovery Active ETF has a fifty-two week low of $27.91 and a fifty-two week high of $49.42. The business has a fifty day simple moving average of $42.84 and a 200-day simple moving average of $38.05. The firm has a market cap of $3.63 million, a P/E ratio of 16.73 and a beta of 0.84.

About Matthews China Discovery Active ETF

The Matthews China Discovery Active ETF (MCHS) is an exchange-traded fund that mostly invests in extended market equity. The fund is actively managed, seeking long-term capital appreciation through investments in small- and mid-cap stocks of Chinese companies with perceived sustainable growth potential. MCHS was launched on Jan 10, 2024 and is issued by Matthews.