Matthews China Active ETF (NYSEARCA:MCH) Short Interest Up 889.7% in August

Matthews China Active ETF (NYSEARCA:MCH) was the recipient of a significant increase in short interest during the month of 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 trading volume of 1,412 shares, the days-to-cover ratio is presently 3.3 days. Currently, 0.6% of the company’s shares are sold short.

Institutional Investors Weigh In On Matthews China Active ETF

A number of institutional investors have recently bought and sold shares of MCH. Citadel Advisors LLC increased its position in Matthews China Active ETF by 19.4% during the second quarter. Citadel Advisors LLC now owns 17,710 shares of the company’s stock worth $511,000 after purchasing an additional 2,877 shares during the last quarter. Merkkuri Wealth Advisors LLC boosted its holdings in shares of Matthews China Active ETF by 1.3% in the 1st quarter. Merkkuri Wealth Advisors LLC now owns 71,289 shares of the company’s stock valued at $1,877,000 after purchasing an additional 900 shares during the last quarter. OLD Mission Capital LLC boosted its holdings in shares of Matthews China Active ETF by 131.9% in the 4th quarter. OLD Mission Capital LLC now owns 89,925 shares of the company’s stock valued at $2,536,000 after purchasing an additional 51,146 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of Matthews China Active ETF by 13.8% during the 4th quarter. Kestra Advisory Services LLC now owns 16,679 shares of the company’s stock valued at $470,000 after buying an additional 2,028 shares during the period. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Matthews China Active ETF during the 3rd quarter valued at $265,000.

Matthews China Active ETF Price Performance

MCH stock traded down $0.28 during midday trading on Thursday, hitting $27.74. The stock had a trading volume of 525 shares, compared to its average volume of 3,225. The company’s 50-day moving average price is $28.19 and its 200 day moving average price is $28.19. The firm has a market cap of $22.19 million, a PE ratio of 12.47 and a beta of 0.76. Matthews China Active ETF has a 12-month low of $25.77 and a 12-month high of $30.97.

Matthews China Active ETF Company Profile

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.