Matthews Asia Innovators Active ETF (NYSEARCA:MINV) Short Interest Down 91.2% in July

Matthews Asia Innovators Active ETF (NYSEARCA:MINV) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 2,886 shares, a decrease of 91.2% from the June 30th total of 32,825 shares. Based on an average daily volume of 11,408 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Matthews Asia Innovators Active ETF Price Performance

NYSEARCA MINV traded down $0.59 during trading hours on Friday, hitting $48.16. The company had a trading volume of 5,269 shares, compared to its average volume of 16,125. The firm’s 50 day moving average is $53.50 and its 200 day moving average is $45.38. Matthews Asia Innovators Active ETF has a fifty-two week low of $31.91 and a fifty-two week high of $61.03. The company has a market capitalization of $158.93 million, a price-to-earnings ratio of 20.71 and a beta of 1.10.

Hedge Funds Weigh In On Matthews Asia Innovators Active ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. OLD Mission Capital LLC acquired a new position in shares of Matthews Asia Innovators Active ETF during the fourth quarter worth $936,000. Quantify Chaos Advisors LLC acquired a new position in Matthews Asia Innovators Active ETF in the 4th quarter worth $314,000. Jane Street Group LLC purchased a new position in Matthews Asia Innovators Active ETF in the 4th quarter valued at about $305,000. Sankala Group LLC purchased a new position in Matthews Asia Innovators Active ETF in the 4th quarter valued at about $96,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Matthews Asia Innovators Active ETF during the third quarter valued at about $100,000.

About Matthews Asia Innovators Active ETF

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.