Matthews Asia Innovators Active ETF (NYSEARCA:MINV) Shares Shorted: Short Interest Down 63.7% in October

Matthews Asia Innovators Active ETF (NYSEARCA:MINV) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 21,935 shares, a decrease of 63.7% from the September 30th total of 60,487 shares. Based on an average daily volume of 4,627 shares, the short-interest ratio is presently 4.7 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Investors Weigh In On Matthews Asia Innovators Active ETF

Several large investors have recently made changes to their positions in MINV. Triumph Capital Management bought a new stake in Matthews Asia Innovators Active ETF during the second quarter worth $47,000. Ameritas Advisory Services LLC acquired a new stake in Matthews Asia Innovators Active ETF in the second quarter valued at $221,000. Sowell Financial Services LLC acquired a new stake in Matthews Asia Innovators Active ETF in the third quarter valued at $226,000. Farther Finance Advisors LLC grew its position in shares of Matthews Asia Innovators Active ETF by 69.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,418 shares of the company’s stock valued at $408,000 after acquiring an additional 3,460 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in shares of Matthews Asia Innovators Active ETF by 1.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 79,478 shares of the company’s stock valued at $3,023,000 after acquiring an additional 1,450 shares during the period.

Matthews Asia Innovators Active ETF Price Performance

MINV stock traded down $0.97 during mid-day trading on Friday, reaching $42.66. The company had a trading volume of 14,813 shares, compared to its average volume of 13,827. The stock has a 50 day simple moving average of $47.56 and a two-hundred day simple moving average of $46.48. The company has a market capitalization of $149.31 million, a price-to-earnings ratio of 20.71 and a beta of 1.14. Matthews Asia Innovators Active ETF has a 52 week low of $32.86 and a 52 week high of $61.03.

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.