Matthews India Active ETF (NYSEARCA:INDE – Get Free Report) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 126,315 shares, a growth of 443.7% from the June 15th total of 23,234 shares. Based on an average trading volume of 12,915 shares, the short-interest ratio is presently 9.8 days. Approximately 21.1% of the shares of the company are short sold.
Hedge Funds Weigh In On Matthews India Active ETF
Hedge funds have recently bought and sold shares of the company. Navis Wealth Advisors LLC raised its position in Matthews India Active ETF by 11.6% in the 3rd quarter. Navis Wealth Advisors LLC now owns 15,596 shares of the company’s stock worth $459,000 after purchasing an additional 1,620 shares during the period. Susquehanna International Group LLP bought a new position in shares of Matthews India Active ETF during the third quarter valued at approximately $290,000. Finally, Harbour Wealth Management Group Inc. bought a new position in shares of Matthews India Active ETF in the 4th quarter worth $648,000.
Matthews India Active ETF Trading Down 1.4%
Shares of INDE stock traded down $0.40 during trading hours on Monday, reaching $29.21. The stock had a trading volume of 57,401 shares, compared to its average volume of 5,166. The stock’s fifty day simple moving average is $28.05 and its 200 day simple moving average is $28.15. The firm has a market capitalization of $17.53 million, a PE ratio of 32.13 and a beta of 0.29. Matthews India Active ETF has a 12 month low of $24.98 and a 12 month high of $31.44.
Matthews India Active ETF Company Profile
The Matthews India Active ETF (INDE) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects Indian companies capable of sustainable growth based on fundamentals. The fund follows an all-cap strategy while implementing a fundamental bottom-up approach. INDE was launched on Sep 22, 2023 and is issued by Matthews.
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