Matthews Asia Innovators Active ETF (NYSEARCA:MINV) Short Interest Update

Matthews Asia Innovators Active ETF (NYSEARCA:MINV) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 48,043 shares, a growth of 1,465.4% from the February 26th total of 3,069 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average daily volume of 15,985 shares, the days-to-cover ratio is presently 3.0 days. Based on an average daily volume of 15,985 shares, the days-to-cover ratio is presently 3.0 days. Currently, 1.9% of the shares of the stock are short sold.

Institutional Investors Weigh In On Matthews Asia Innovators Active ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Altfest L J & Co. Inc. boosted its stake 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 acquiring an additional 10,222 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Matthews Asia Innovators Active ETF by 2.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 78,028 shares of the company’s stock worth $2,755,000 after acquiring an additional 1,817 shares during the period. OLD Mission Capital LLC purchased a new position in Matthews Asia Innovators Active ETF in the 4th quarter valued at approximately $936,000. Quantify Chaos Advisors LLC purchased a new position in Matthews Asia Innovators Active ETF in the 4th quarter valued at approximately $314,000. Finally, Jane Street Group LLC acquired a new position in Matthews Asia Innovators Active ETF during the fourth quarter worth $305,000.

Matthews Asia Innovators Active ETF Stock Down 2.5%

Shares of NYSEARCA MINV traded down $0.98 during midday trading on Tuesday, hitting $38.17. The company had a trading volume of 4,496 shares, compared to its average volume of 19,705. The firm has a market capitalization of $95.43 million, a price-to-earnings ratio of 20.71 and a beta of 0.84. Matthews Asia Innovators Active ETF has a twelve month low of $24.18 and a twelve month high of $41.93. The business has a 50-day simple moving average of $38.91 and a two-hundred day simple moving average of $37.23.

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.