Matthews China Active ETF (NYSEARCA:MCH) Short Interest Down 35.2% in May

Matthews China Active ETF (NYSEARCA:MCH) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 556 shares, a drop of 35.2% from the May 14th total of 858 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,178 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Matthews China Active ETF

Several large investors have recently bought and sold shares of the stock. OLD Mission Capital LLC increased its stake in Matthews China Active ETF by 131.9% during the 4th quarter. OLD Mission Capital LLC now owns 89,925 shares of the company’s stock valued at $2,536,000 after buying an additional 51,146 shares during the period. Welch Financial Planning LLC acquired a new position in Matthews China Active ETF during the 4th quarter valued at about $2,254,000. Merkkuri Wealth Advisors LLC increased its stake in Matthews China Active ETF by 1.3% during the 1st quarter. Merkkuri Wealth Advisors LLC now owns 71,289 shares of the company’s stock valued at $1,877,000 after buying an additional 900 shares during the period. Summit Place Financial Advisors LLC increased its stake in Matthews China Active ETF by 1.9% during the 4th quarter. Summit Place Financial Advisors LLC now owns 62,920 shares of the company’s stock valued at $1,775,000 after buying an additional 1,150 shares during the period. Finally, Jane Street Group LLC increased its stake in Matthews China Active ETF by 37.8% during the 1st quarter. Jane Street Group LLC now owns 35,284 shares of the company’s stock valued at $859,000 after buying an additional 9,686 shares during the period.

Matthews China Active ETF Stock Up 0.0%

Matthews China Active ETF stock traded up $0.01 during trading hours on Tuesday, hitting $29.68. 19,782 shares of the company traded hands, compared to its average volume of 3,818. The firm has a market cap of $23.74 million, a P/E ratio of 12.47 and a beta of 0.76. The firm’s 50-day simple moving average is $28.48 and its two-hundred day simple moving average is $28.51. Matthews China Active ETF has a 1-year low of $23.73 and a 1-year 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.