Short Interest in Matthews Korea Active ETF (NYSEARCA:MKOR) Expands By 65.4%

Matthews Korea Active ETF (NYSEARCA:MKOR) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 59,946 shares, an increase of 65.4% from the July 15th total of 36,234 shares. Approximately 2.6% of the company’s stock are sold short. Based on an average daily volume of 14,519 shares, the short-interest ratio is presently 4.1 days.

Matthews Korea Active ETF Price Performance

MKOR stock opened at $58.82 on Wednesday. Matthews Korea Active ETF has a 1-year low of $26.78 and a 1-year high of $72.96. The business has a fifty day moving average price of $60.81 and a 200-day moving average price of $55.08. The stock has a market capitalization of $135.29 million, a P/E ratio of 11.30 and a beta of 1.63.

Hedge Funds Weigh In On Matthews Korea Active ETF

A number of hedge funds have recently bought and sold shares of the business. Western Wealth Management LLC bought a new stake in shares of Matthews Korea Active ETF in the first quarter worth approximately $84,000. Advisory Services Network LLC bought a new position in Matthews Korea Active ETF during the third quarter valued at approximately $91,000. Jane Street Group LLC purchased a new stake in Matthews Korea Active ETF in the second quarter worth approximately $388,000. OLD Mission Capital LLC boosted its holdings in Matthews Korea Active ETF by 2.3% in the fourth quarter. OLD Mission Capital LLC now owns 32,649 shares of the company’s stock worth $1,123,000 after purchasing an additional 728 shares during the last quarter. Finally, Susquehanna International Group LLP grew its position in Matthews Korea Active ETF by 278.3% in the 3rd quarter. Susquehanna International Group LLP now owns 75,199 shares of the company’s stock worth $2,271,000 after purchasing an additional 55,323 shares during the period.

Matthews Korea Active ETF Company Profile

The Matthews Korea Active ETF (MKOR) is an exchange-traded fund that mostly invests in total market equity. The fund actively manages a portfolio of South Korean, large- and mid-cap companies that are fundamentally screened for sustainable growth. MKOR was launched on Oct 29, 2010 and is issued by Matthews.