Matthews India Active ETF (NYSEARCA:INDE – Get Free Report) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 38,408 shares, a drop of 69.6% from the June 30th total of 126,315 shares. Based on an average daily trading volume, of 8,704 shares, the days-to-cover ratio is presently 4.4 days. Approximately 6.4% of the shares of the company are short sold.
Institutional Investors Weigh In On Matthews India Active ETF
Hedge funds have recently added to or reduced their stakes in the business. Harbour Wealth Management Group Inc. purchased a new stake in shares of Matthews India Active ETF in the fourth quarter worth about $648,000. Susquehanna International Group LLP purchased a new position in Matthews India Active ETF during the third quarter valued at approximately $290,000. Finally, Navis Wealth Advisors LLC lifted its holdings in Matthews India Active ETF by 11.6% in the third quarter. Navis Wealth Advisors LLC now owns 15,596 shares of the company’s stock valued at $459,000 after acquiring an additional 1,620 shares during the period.
Matthews India Active ETF Stock Performance
Shares of INDE stock remained flat at $29.48 during trading hours on Tuesday. 1,232 shares of the stock traded hands, compared to its average volume of 4,959. The stock has a 50-day simple moving average of $28.48 and a 200 day simple moving average of $28.09. The stock has a market cap of $17.69 million, a PE ratio of 32.13 and a beta of 0.29. Matthews India Active ETF has a fifty-two week low of $24.98 and a fifty-two week high of $31.44.
About Matthews India Active ETF
The Matthews India Active ETF (INDE) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects Indian companies capable of sustainable growth based on fundamentals. The fund follows an all-cap strategy while implementing a fundamental bottom-up approach. INDE was launched on Sep 22, 2023 and is issued by Matthews.
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