Short Interest in Matthews China Discovery Active ETF (NASDAQ:MCHS) Expands By 558.0%

Matthews China Discovery Active ETF (NASDAQ:MCHS) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 38,666 shares, a growth of 558.0% from the April 30th total of 5,876 shares. Currently, 48.3% of the shares of the stock are short sold. Based on an average trading volume of 35,515 shares, the short-interest ratio is currently 1.1 days.

Matthews China Discovery Active ETF Stock Performance

Shares of NASDAQ MCHS opened at $47.04 on Friday. The company has a market cap of $3.76 million, a P/E ratio of 16.73 and a beta of 0.80. Matthews China Discovery Active ETF has a 52-week low of $27.50 and a 52-week high of $49.42. The firm’s fifty day moving average is $41.50 and its two-hundred day moving average is $37.42.

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.