Matthews Asia Innovators Active ETF (NYSEARCA:MINV) Shares Shorted: Short Interest Up 166.8% in September

Matthews Asia Innovators Active ETF (NYSEARCA:MINV) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 60,487 shares, a growth of 166.8% from the September 15th total of 22,669 shares. Based on an average daily trading volume, of 15,515 shares, the days-to-cover ratio is currently 3.9 days. Approximately 1.7% of the company’s shares are sold short.

Matthews Asia Innovators Active ETF Trading Down 1.0%

Shares of NYSEARCA MINV traded down $0.50 during trading hours on Monday, reaching $47.45. The stock had a trading volume of 3,222 shares, compared to its average volume of 14,322. Matthews Asia Innovators Active ETF has a 52-week low of $32.86 and a 52-week high of $61.03. The firm has a market cap of $166.07 million, a price-to-earnings ratio of 20.71 and a beta of 1.14. The business’s fifty day moving average price is $49.16 and its two-hundred day moving average price is $49.39.

Institutional Investors Weigh In On Matthews Asia Innovators Active ETF

Several hedge funds have recently modified their holdings of MINV. Farther Finance Advisors LLC increased its holdings in shares of Matthews Asia Innovators Active ETF by 69.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,418 shares of the company’s stock valued at $408,000 after acquiring an additional 3,460 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Matthews Asia Innovators Active ETF in the 2nd quarter valued at approximately $221,000. Triumph Capital Management purchased a new position in Matthews Asia Innovators Active ETF in the 2nd quarter worth $47,000. Geneos Wealth Management Inc. lifted its holdings in shares of Matthews Asia Innovators Active ETF by 1.9% during the first quarter. Geneos Wealth Management Inc. now owns 79,478 shares of the company’s stock worth $3,023,000 after purchasing an additional 1,450 shares during the period. Finally, Sankala Group LLC purchased a new stake in shares of Matthews Asia Innovators Active ETF in the 4th quarter valued at $96,000.

Matthews Asia Innovators Active ETF Company Profile

The Matthews Asia Innovators Active ETF (MINV) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to hold stocks of innovative companies in Asia. Holdings are fundamentally screened for sustainable growth. MINV was launched on Jul 13, 2022 and is managed by Matthews.