Matthews China Active ETF (NYSEARCA:MCH) Short Interest Up 316.5% in May

Matthews China Active ETF (NYSEARCA:MCH) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 858 shares, a growth of 316.5% from the April 30th total of 206 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 4,142 shares, the days-to-cover ratio is presently 0.2 days.

Matthews China Active ETF Price Performance

Shares of NYSEARCA MCH traded up $0.21 during midday trading on Friday, reaching $29.01. The company’s stock had a trading volume of 1,724 shares, compared to its average volume of 3,898. Matthews China Active ETF has a 12-month low of $22.94 and a 12-month high of $30.97. The firm has a 50 day moving average price of $27.91 and a 200-day moving average price of $28.53. The stock has a market capitalization of $23.21 million, a P/E ratio of 12.47 and a beta of 0.77.

Hedge Funds Weigh In On Matthews China Active ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Merkkuri Wealth Advisors LLC boosted its holdings 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 buying an additional 900 shares during the last quarter. OLD Mission Capital LLC lifted its stake in Matthews China Active ETF by 131.9% in the fourth quarter. OLD Mission Capital LLC now owns 89,925 shares of the company’s stock valued at $2,536,000 after purchasing an additional 51,146 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in Matthews China Active ETF by 13.8% in the fourth 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. Welch Financial Planning LLC purchased a new position in Matthews China Active ETF in the fourth quarter valued at approximately $2,254,000. Finally, 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 purchasing an additional 1,150 shares during the last quarter.

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.