Short Interest in Matthews China Discovery Active ETF (NASDAQ:MCHS) Drops By 95.1%

Matthews China Discovery Active ETF (NASDAQ:MCHS) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 1,613 shares, a decline of 95.1% from the July 15th total of 33,228 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 14,881 shares, the short-interest ratio is presently 0.1 days.

Matthews China Discovery Active ETF Stock Performance

Matthews China Discovery Active ETF stock traded up $0.44 during trading hours on Wednesday, hitting $42.61. 512 shares of the stock were exchanged, compared to its average volume of 7,835. The stock has a market capitalization of $21.30 million, a P/E ratio of 16.73 and a beta of 0.87. The business’s 50-day moving average is $45.32 and its two-hundred day moving average is $41.88. Matthews China Discovery Active ETF has a 12 month low of $31.36 and a 12 month high of $53.25.

Matthews China Discovery Active ETF Company Profile

The Matthews China Discovery Active ETF (MCHS) is an exchange-traded fund that mostly invests in extended market equity. The fund is actively managed, seeking long-term capital appreciation through investments in small- and mid-cap stocks of Chinese companies with perceived sustainable growth potential. MCHS was launched on Jan 10, 2024 and is issued by Matthews.