Matthews China Discovery Active ETF (NASDAQ:MCHS) Short Interest Up 558.0% in May

Matthews China Discovery Active ETF (NASDAQ:MCHS) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 38,666 shares, an increase of 558.0% from the April 30th total of 5,876 shares. Currently, 48.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 35,515 shares, the short-interest ratio is currently 1.1 days.

Matthews China Discovery Active ETF Stock Performance

MCHS traded down $1.22 during midday trading on Friday, hitting $47.04. The company had a trading volume of 5,490 shares, compared to its average volume of 5,178. Matthews China Discovery Active ETF has a twelve month low of $27.50 and a twelve month high of $49.42. The company has a market capitalization of $3.76 million, a PE ratio of 16.73 and a beta of 0.80. The firm’s 50-day simple moving average is $41.50 and its 200-day simple moving average is $37.42.

About Matthews China Discovery Active ETF

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.