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

Matthews India Active ETF (NYSEARCA:INDE) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 38,408 shares, a decrease of 69.6% from the June 30th total of 126,315 shares. Based on an average daily volume of 8,704 shares, the short-interest ratio is presently 4.4 days. Currently, 6.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Matthews India Active ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INDE. Susquehanna International Group LLP acquired a new stake in Matthews India Active ETF in the third quarter valued at approximately $290,000. Navis Wealth Advisors LLC grew its position in Matthews India Active ETF by 11.6% in the third quarter. Navis Wealth Advisors LLC now owns 15,596 shares of the company’s stock worth $459,000 after acquiring an additional 1,620 shares in the last quarter. Finally, Harbour Wealth Management Group Inc. bought a new stake in Matthews India Active ETF in the fourth quarter worth approximately $648,000.

Matthews India Active ETF Price Performance

Shares of Matthews India Active ETF stock opened at $28.83 on Friday. The firm has a market cap of $17.30 million, a price-to-earnings ratio of 32.13 and a beta of 0.29. Matthews India Active ETF has a 52-week low of $24.98 and a 52-week high of $31.44. The stock has a 50-day simple moving average of $28.42 and a 200-day simple moving average of $28.10.

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.