Short Interest in Matthews China Active ETF (NYSEARCA:MCH) Increases By 889.7%

Matthews China Active ETF (NYSEARCA:MCH) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 4,691 shares, an increase of 889.7% from the August 15th total of 474 shares. Based on an average daily trading volume, of 1,412 shares, the short-interest ratio is currently 3.3 days. Approximately 0.6% of the shares of the company are sold short.

Hedge Funds Weigh In On Matthews China Active ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MCH. Citadel Advisors LLC raised its position in shares of Matthews China Active ETF by 19.4% during the 2nd quarter. Citadel Advisors LLC now owns 17,710 shares of the company’s stock worth $511,000 after purchasing an additional 2,877 shares during the last quarter. Merkkuri Wealth Advisors LLC boosted its stake in shares of 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 valued at $1,877,000 after acquiring an additional 900 shares during the last quarter. OLD Mission Capital LLC increased its position in Matthews China Active ETF by 131.9% during the 4th quarter. OLD Mission Capital LLC now owns 89,925 shares of the company’s stock worth $2,536,000 after purchasing an additional 51,146 shares in the last quarter. Kestra Advisory Services LLC increased its position in Matthews China Active ETF by 13.8% during the 4th quarter. Kestra Advisory Services LLC now owns 16,679 shares of the company’s stock worth $470,000 after purchasing an additional 2,028 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in Matthews China Active ETF in the 3rd quarter valued at about $265,000.

Matthews China Active ETF Stock Down 1.0%

MCH stock traded down $0.28 on Thursday, reaching $27.74. 525 shares of the company’s stock were exchanged, compared to its average volume of 3,225. The stock has a fifty day moving average of $28.19 and a 200-day moving average of $28.19. The firm has a market cap of $22.19 million, a PE ratio of 12.47 and a beta of 0.76. Matthews China Active ETF has a twelve month low of $25.77 and a twelve month high of $30.97.

About Matthews China Active ETF

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.