Matthews China Active ETF (NYSEARCA:MCH) Short Interest Down 35.2% in May

Matthews China Active ETF (NYSEARCA:MCH) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 556 shares, a drop of 35.2% from the May 14th total of 858 shares. Based on an average trading volume of 2,178 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Matthews China Active ETF Price Performance

Shares of MCH stock traded up $0.01 during trading hours on Tuesday, reaching $29.68. The stock had a trading volume of 19,782 shares, compared to its average volume of 3,818. Matthews China Active ETF has a twelve month low of $23.73 and a twelve month high of $30.97. The firm has a 50-day simple moving average of $28.48 and a 200-day simple moving average of $28.51. The firm has a market capitalization of $23.74 million, a PE ratio of 12.47 and a beta of 0.76.

Institutional Trading of Matthews China Active ETF

A number of large investors have recently modified their holdings of the company. Merkkuri Wealth Advisors LLC increased its holdings in shares of Matthews China Active ETF by 1.3% in the 1st quarter. Merkkuri Wealth Advisors LLC now owns 71,289 shares of the company’s stock worth $1,877,000 after acquiring an additional 900 shares during the period. OLD Mission Capital LLC increased its holdings in shares of Matthews China Active ETF by 131.9% in the 4th quarter. OLD Mission Capital LLC now owns 89,925 shares of the company’s stock worth $2,536,000 after acquiring an additional 51,146 shares during the period. Kestra Advisory Services LLC increased its holdings in shares of Matthews China Active ETF by 13.8% in the 4th quarter. Kestra Advisory Services LLC now owns 16,679 shares of the company’s stock worth $470,000 after acquiring an additional 2,028 shares during the period. Welch Financial Planning LLC acquired a new stake in shares of Matthews China Active ETF in the 4th quarter worth about $2,254,000. Finally, Summit Place Financial Advisors LLC increased its holdings in shares of Matthews China Active ETF by 1.9% in the 4th quarter. Summit Place Financial Advisors LLC now owns 62,920 shares of the company’s stock worth $1,775,000 after acquiring an additional 1,150 shares during the period.

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.