Matthews China Discovery Active ETF (NASDAQ:MCHS) Short Interest Update

Matthews China Discovery Active ETF (NASDAQ:MCHS) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 33,228 shares, a growth of 76.8% from the June 30th total of 18,794 shares. Based on an average daily trading volume, of 23,739 shares, the days-to-cover ratio is presently 1.4 days. Currently, 6.6% of the shares of the stock are sold short.

Matthews China Discovery Active ETF Stock Down 1.1%

NASDAQ:MCHS traded down $0.43 during mid-day trading on Thursday, reaching $39.62. 3,732 shares of the company were exchanged, compared to its average volume of 7,468. Matthews China Discovery Active ETF has a 12 month low of $30.44 and a 12 month high of $53.25. The company has a fifty day moving average of $46.29 and a 200 day moving average of $41.46. The stock has a market cap of $19.81 million, a PE ratio of 16.73 and a beta of 0.76.

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.