Matthews China Discovery Active ETF (NASDAQ:MCHS) Sees Large Drop in Short Interest

Matthews China Discovery Active ETF (NASDAQ:MCHS) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 688 shares, a decrease of 72.1% from the May 31st total of 2,467 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average trading volume of 7,152 shares, the days-to-cover ratio is presently 0.1 days.

Matthews China Discovery Active ETF Trading Up 1.6%

Shares of MCHS stock traded up $0.81 on Monday, reaching $51.38. The company’s stock had a trading volume of 26,325 shares, compared to its average volume of 5,605. The stock’s fifty day simple moving average is $45.87 and its 200-day simple moving average is $39.63. Matthews China Discovery Active ETF has a 1 year low of $28.98 and a 1 year high of $53.25. The company has a market capitalization of $4.11 million, a price-to-earnings ratio of 16.73 and a beta of 0.84.

Matthews China Discovery Active ETF Company Profile

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.