Matthews China Discovery Active ETF (NASDAQ:MCHS) Short Interest Down 93.6% in May

Matthews China Discovery Active ETF (NASDAQ:MCHS) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 2,467 shares, a decline of 93.6% from the May 14th total of 38,666 shares. Based on an average daily volume of 4,771 shares, the days-to-cover ratio is presently 0.5 days. Approximately 3.1% of the shares of the company are short sold.

Matthews China Discovery Active ETF Stock Up 2.5%

Shares of Matthews China Discovery Active ETF stock traded up $1.09 on Thursday, reaching $45.31. 2,895 shares of the stock were exchanged, compared to its average volume of 5,452. Matthews China Discovery Active ETF has a twelve month low of $27.91 and a twelve month high of $49.42. The firm has a market capitalization of $3.62 million, a price-to-earnings ratio of 16.73 and a beta of 0.84. The business has a 50 day moving average price of $43.19 and a two-hundred day moving average price of $38.24.

About Matthews China Discovery Active ETF

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.