Short Interest in Matthews Asia Innovators Active ETF (NYSEARCA:MINV) Expands By 387.4%

Matthews Asia Innovators Active ETF (NYSEARCA:MINV) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 15,919 shares, a growth of 387.4% from the July 30th total of 3,266 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 14,180 shares, the days-to-cover ratio is currently 1.1 days.

Matthews Asia Innovators Active ETF Stock Up 1.3%

MINV stock traded up $0.64 during midday trading on Thursday, hitting $50.39. The company’s stock had a trading volume of 7,823 shares, compared to its average volume of 15,458. The stock’s 50-day moving average price is $51.34 and its 200 day moving average price is $47.27. Matthews Asia Innovators Active ETF has a 1 year low of $32.86 and a 1 year high of $61.03. The stock has a market cap of $166.29 million, a price-to-earnings ratio of 20.71 and a beta of 1.13.

Institutional Investors Weigh In On Matthews Asia Innovators Active ETF

Hedge funds have recently made changes to their positions in the business. OLD Mission Capital LLC purchased a new stake in shares of Matthews Asia Innovators Active ETF during the 4th quarter worth approximately $936,000. Quantify Chaos Advisors LLC purchased a new position in Matthews Asia Innovators Active ETF in the fourth quarter valued at approximately $314,000. Jane Street Group LLC purchased a new position in Matthews Asia Innovators Active ETF in the fourth quarter valued at approximately $305,000. Ameritas Advisory Services LLC bought a new position in Matthews Asia Innovators Active ETF during the second quarter valued at $221,000. Finally, Sankala Group LLC bought a new position in Matthews Asia Innovators Active ETF during the fourth quarter valued at $96,000.

About Matthews Asia Innovators Active ETF

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.