Short Interest in Matthews China Active ETF (NYSEARCA:MCH) Grows By 510.1%

Matthews China Active ETF (NYSEARCA:MCH) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 787 shares, an increase of 510.1% from the June 15th total of 129 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 5,977 shares, the short-interest ratio is presently 0.1 days.

Matthews China Active ETF Stock Down 4.0%

NYSEARCA MCH traded down $1.14 during trading hours on Monday, hitting $27.61. The company’s stock had a trading volume of 676 shares, compared to its average volume of 3,702. The stock has a fifty day moving average of $28.93 and a 200 day moving average of $28.52. Matthews China Active ETF has a twelve month low of $24.67 and a twelve month high of $30.97. The firm has a market capitalization of $22.09 million, a P/E ratio of 12.47 and a beta of 0.76.

Institutional Trading of Matthews China Active ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Merkkuri Wealth Advisors LLC boosted its position in shares of Matthews China Active ETF by 1.3% in the 1st quarter. Merkkuri Wealth Advisors LLC now owns 71,289 shares of the company’s stock worth $1,877,000 after purchasing an additional 900 shares during the last quarter. Summit Place Financial Advisors LLC lifted its stake in Matthews China Active ETF by 1.9% in the fourth quarter. Summit Place Financial Advisors LLC now owns 62,920 shares of the company’s stock valued at $1,775,000 after buying an additional 1,150 shares during the period. Kestra Advisory Services LLC boosted its holdings in Matthews China Active ETF by 13.8% during the fourth quarter. Kestra Advisory Services LLC now owns 16,679 shares of the company’s stock worth $470,000 after buying an additional 2,028 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Matthews China Active ETF by 69.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,000 shares of the company’s stock worth $487,000 after buying an additional 8,201 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in shares of Matthews China Active ETF during the 3rd quarter worth about $265,000.

About Matthews China Active ETF

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.