Matthews Asia Dividend Active ETF (NYSEARCA:ADVE) Stock Short Interest Report for October

Matthews Asia Dividend Active ETF (NYSEARCA:ADVE) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 755 shares, a decrease of 73.7% from the September 30th total of 2,871 shares. Based on an average trading volume of 260 shares, the days-to-cover ratio is currently 2.9 days. Currently, 0.5% of the shares of the stock are sold short.

Matthews Asia Dividend Active ETF Trading Down 1.3%

Shares of NYSEARCA ADVE traded down $0.60 during trading hours on Friday, hitting $44.38. 5,662 shares of the company traded hands, compared to its average volume of 1,787. The company’s 50 day moving average price is $46.09 and its 200 day moving average price is $44.92. The stock has a market capitalization of $6.66 million, a price-to-earnings ratio of 14.51 and a beta of 0.63. Matthews Asia Dividend Active ETF has a 12 month low of $38.00 and a 12 month high of $47.82.

Hedge Funds Weigh In On Matthews Asia Dividend Active ETF

Several hedge funds and other institutional investors have recently modified their holdings of ADVE. Parallel Advisors LLC acquired a new stake in shares of Matthews Asia Dividend Active ETF in the first quarter valued at about $27,000. Integrated Wealth Concepts LLC acquired a new stake in Matthews Asia Dividend Active ETF in the second quarter valued at $39,000. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Matthews Asia Dividend Active ETF by 102.1% in the 1st quarter. Kestra Advisory Services LLC now owns 11,127 shares of the company’s stock valued at $464,000 after buying an additional 5,620 shares in the last quarter.

Matthews Asia Dividend Active ETF Company Profile

The Matthews Asia Dividend Active ETF (ADVE) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed portfolio of dividend-paying companies located in Asia. The fund seeks to provide total return with a level of current income higher than average Asian equities. ADVE was launched on Sep 22, 2023 and is issued by Matthews.