Matthews Pacific Tiger Active ETF (NYSEARCA:ASIA) Sees Large Increase in Short Interest

Matthews Pacific Tiger Active ETF (NYSEARCA:ASIA) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,799 shares, an increase of 358.9% from the June 15th total of 392 shares. Based on an average daily volume of 3,174 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the shares of the stock are short sold.

Matthews Pacific Tiger Active ETF Trading Down 3.9%

ASIA stock traded down $1.67 during midday trading on Monday, reaching $41.00. The stock had a trading volume of 346 shares, compared to its average volume of 4,293. The company’s fifty day simple moving average is $43.73 and its 200 day simple moving average is $39.11. The company has a market cap of $53.30 million, a price-to-earnings ratio of -12.20 and a beta of 0.86. Matthews Pacific Tiger Active ETF has a 52-week low of $29.34 and a 52-week high of $47.47.

About Matthews Pacific Tiger Active ETF

The Matthews Pacific Tiger Active ETF (ASIA) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that seeks long-term capital appreciation by investing in companies located in Asia, excluding Japan. The fund manager selects stocks based on strong fundamentals. ASIA was launched on Sep 22, 2023 and is issued by Matthews.