Matthews China Active ETF (NYSEARCA:MCH) Short Interest Up 316.5% in May

Matthews China Active ETF (NYSEARCA:MCH) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 858 shares, an increase of 316.5% from the April 30th total of 206 shares. Based on an average daily trading volume, of 4,142 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Matthews China Active ETF Trading Down 0.8%

Shares of Matthews China Active ETF stock opened at $28.80 on Friday. Matthews China Active ETF has a 12-month low of $22.94 and a 12-month high of $30.97. The stock has a market cap of $23.04 million, a PE ratio of 12.47 and a beta of 0.77. The company has a 50-day moving average of $27.87 and a two-hundred day moving average of $28.52.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MCH. Flow Traders U.S. LLC purchased a new position in Matthews China Active ETF in the third quarter valued at about $265,000. PFG Private Wealth Management LLC purchased a new position in Matthews China Active ETF in the third quarter valued at about $346,000. Kestra Advisory Services LLC increased its holdings 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 buying an additional 2,028 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Matthews China Active ETF by 69.5% in the first quarter. Goldman Sachs Group Inc. now owns 20,000 shares of the company’s stock valued at $487,000 after buying an additional 8,201 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Matthews China Active ETF by 37.8% in the first quarter. Jane Street Group LLC now owns 35,284 shares of the company’s stock valued at $859,000 after buying an additional 9,686 shares in the last quarter.

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.