Matthews China Active ETF (NYSEARCA:MCH) Sees Large Decrease in Short Interest

Matthews China Active ETF (NYSEARCA:MCH) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 129 shares, a decrease of 76.8% from the May 31st total of 556 shares. Based on an average daily trading volume, of 1,667 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MCH. Flow Traders U.S. LLC acquired a new stake in Matthews China Active ETF during the third quarter worth $265,000. Kestra Advisory Services LLC lifted its stake in shares of Matthews China Active ETF by 13.8% in the 4th quarter. Kestra Advisory Services LLC now owns 16,679 shares of the company’s stock valued at $470,000 after purchasing an additional 2,028 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Matthews China Active ETF by 69.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,000 shares of the company’s stock valued at $487,000 after purchasing an additional 8,201 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Matthews China Active ETF by 37.8% in the 1st quarter. Jane Street Group LLC now owns 35,284 shares of the company’s stock valued at $859,000 after purchasing an additional 9,686 shares during the last quarter. Finally, Summit Place Financial Advisors LLC grew its holdings in shares of Matthews China Active ETF by 1.9% during the 4th quarter. Summit Place Financial Advisors LLC now owns 62,920 shares of the company’s stock worth $1,775,000 after purchasing an additional 1,150 shares during the period.

Matthews China Active ETF Price Performance

Shares of NYSEARCA MCH opened at $28.56 on Friday. The company has a market capitalization of $22.85 million, a P/E ratio of 12.47 and a beta of 0.76. The company has a 50 day simple moving average of $28.89 and a 200-day simple moving average of $28.54. Matthews China Active ETF has a 1 year low of $24.20 and a 1 year high of $30.97.

Matthews China Active ETF Company Profile

The Matthews China Active ETF (MCH) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to hold stocks of Chinese companies that are fundamentally screened for sustainable growth. The fund also considers ESG factors in the investment process. MCH was launched on Jul 13, 2022 and is managed by Matthews.