Matthews India Active ETF (NYSEARCA:INDE) Short Interest Update

Matthews India Active ETF (NYSEARCA:INDE) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 27,380 shares, a decline of 16.4% from the March 15th total of 32,761 shares. Based on an average daily volume of 5,075 shares, the days-to-cover ratio is presently 5.4 days. Approximately 6.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Matthews India Active ETF

A number of hedge funds have recently bought and sold shares of INDE. Susquehanna International Group LLP purchased a new position in shares of Matthews India Active ETF during the 3rd quarter worth $290,000. Navis Wealth Advisors LLC increased its stake in shares of 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 in the last quarter. Finally, Harbour Wealth Management Group Inc. bought a new position in Matthews India Active ETF in the 4th quarter worth $648,000.

Matthews India Active ETF Stock Up 1.8%

Shares of NYSEARCA:INDE traded up $0.49 during midday trading on Friday, reaching $28.48. 1,323 shares of the company traded hands, compared to its average volume of 5,626. Matthews India Active ETF has a 12 month low of $24.98 and a 12 month high of $31.44. The firm’s fifty day moving average price is $27.53 and its two-hundred day moving average price is $29.23. The firm has a market capitalization of $13.10 million, a price-to-earnings ratio of 32.13 and a beta of 0.28.

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.