Short Interest in Matthews China Active ETF (NYSEARCA:MCH) Rises By 94.3%

Matthews China Active ETF (NYSEARCA:MCH) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 474 shares, a growth of 94.3% from the July 30th total of 244 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,329 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Matthews China Active ETF

A number of institutional investors have recently modified their holdings of the stock. Flow Traders U.S. LLC bought a new position in shares of Matthews China Active ETF in the third quarter worth $265,000. Kestra Advisory Services LLC raised its stake in Matthews China Active ETF by 13.8% in the fourth quarter. Kestra Advisory Services LLC now owns 16,679 shares of the company’s stock valued at $470,000 after purchasing an additional 2,028 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Matthews China Active ETF by 69.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,000 shares of the company’s stock worth $487,000 after purchasing an additional 8,201 shares during the period. Jane Street Group LLC lifted its position in Matthews China Active ETF by 37.8% during the first quarter. Jane Street Group LLC now owns 35,284 shares of the company’s stock worth $859,000 after purchasing an additional 9,686 shares during the period. Finally, Merkkuri Wealth Advisors LLC grew its stake in Matthews China Active ETF by 1.3% during the first quarter. Merkkuri Wealth Advisors LLC now owns 71,289 shares of the company’s stock worth $1,877,000 after buying an additional 900 shares in the last quarter.

Matthews China Active ETF Price Performance

Matthews China Active ETF stock traded down $0.03 during midday trading on Friday, hitting $28.55. The company’s stock had a trading volume of 834 shares, compared to its average volume of 3,260. Matthews China Active ETF has a 1-year low of $25.77 and a 1-year high of $30.97. The company has a 50-day moving average price of $28.32 and a two-hundred day moving average price of $28.26. The company has a market cap of $22.84 million, a price-to-earnings ratio of 12.47 and a beta of 0.76.

Matthews China Active ETF Company Profile

The Matthews China Active ETF (MCH) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to hold stocks of Chinese companies that are fundamentally screened for sustainable growth. The fund also considers ESG factors in the investment process. MCH was launched on Jul 13, 2022 and is managed by Matthews.