Short Interest in Matthews China Active ETF (NYSEARCA:MCH) Rises By 889.7%

Matthews China Active ETF (NYSEARCA:MCH) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 4,691 shares, an increase of 889.7% from the August 15th total of 474 shares. Based on an average daily volume of 1,412 shares, the short-interest ratio is currently 3.3 days. Approximately 0.6% of the company’s stock are short sold.

Matthews China Active ETF Stock Down 0.3%

MCH stock traded down $0.09 during trading on Friday, hitting $27.65. 590 shares of the company’s stock traded hands, compared to its average volume of 3,210. The firm has a market capitalization of $22.12 million, a P/E ratio of 12.47 and a beta of 0.76. The business has a fifty day simple moving average of $28.19 and a two-hundred day simple moving average of $28.19. Matthews China Active ETF has a 1 year low of $25.77 and a 1 year high of $30.97.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MCH. OLD Mission Capital LLC lifted its position in shares of Matthews China Active ETF by 131.9% during the fourth quarter. OLD Mission Capital LLC now owns 89,925 shares of the company’s stock valued at $2,536,000 after buying an additional 51,146 shares during the last quarter. Jane Street Group LLC grew its position in shares of Matthews China Active ETF by 37.8% in the 1st quarter. Jane Street Group LLC now owns 35,284 shares of the company’s stock worth $859,000 after buying an additional 9,686 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Matthews China Active ETF in the 3rd quarter worth approximately $265,000. Goldman Sachs Group Inc. raised its stake in shares of Matthews China Active ETF by 69.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,000 shares of the company’s stock worth $487,000 after acquiring an additional 8,201 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of Matthews China Active ETF by 19.4% during the 2nd quarter. Citadel Advisors LLC now owns 17,710 shares of the company’s stock worth $511,000 after acquiring an additional 2,877 shares in the last quarter.

About Matthews China Active ETF

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.