Matthews Asia Innovators Active ETF (NYSEARCA:MINV) Sees Large Drop in Short Interest

Matthews Asia Innovators Active ETF (NYSEARCA:MINV) was the target of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 3,069 shares, a decline of 88.6% from the February 12th total of 26,953 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 62,362 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 62,362 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of Matthews Asia Innovators Active ETF

Large investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. bought a new position in Matthews Asia Innovators Active ETF during the second quarter valued at approximately $2,379,000. OLD Mission Capital LLC acquired a new stake in Matthews Asia Innovators Active ETF during the fourth quarter worth about $936,000. Altfest L J & Co. Inc. grew its holdings in shares of Matthews Asia Innovators Active ETF by 1.1% during the 3rd quarter. Altfest L J & Co. Inc. now owns 964,747 shares of the company’s stock worth $35,814,000 after purchasing an additional 10,222 shares in the last quarter. Quantify Chaos Advisors LLC acquired a new stake in Matthews Asia Innovators Active ETF during the fourth quarter worth $314,000. Finally, Jane Street Group LLC bought a new stake in Matthews Asia Innovators Active ETF in the fourth quarter valued at about $305,000.

Matthews Asia Innovators Active ETF Price Performance

Shares of NYSEARCA MINV traded up $0.48 during mid-day trading on Wednesday, hitting $39.76. The company had a trading volume of 11,337 shares, compared to its average volume of 21,822. The stock has a market cap of $99.40 million, a price-to-earnings ratio of 20.71 and a beta of 0.84. The firm’s 50 day simple moving average is $38.48 and its two-hundred day simple moving average is $36.87. Matthews Asia Innovators Active ETF has a 12 month low of $24.18 and a 12 month high of $41.93.

Matthews Asia Innovators Active ETF Company Profile

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.