Matthews China Active ETF (NYSEARCA:MCH) Short Interest Up 94.3% in August

Matthews China Active ETF (NYSEARCA:MCH) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 474 shares, a growth of 94.3% from the July 30th total of 244 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,329 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Matthews China Active ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in MCH. Flow Traders U.S. LLC acquired a new stake in shares of Matthews China Active ETF in the 3rd quarter valued at $265,000. Kestra Advisory Services LLC raised its holdings 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 worth $470,000 after buying an additional 2,028 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Matthews China Active ETF by 69.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,000 shares of the company’s stock worth $487,000 after buying an additional 8,201 shares during the last quarter. Jane Street Group LLC lifted its position in shares of 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 worth $859,000 after buying an additional 9,686 shares during the last quarter. Finally, Merkkuri Wealth Advisors LLC boosted its stake in Matthews China Active ETF by 1.3% in the first 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 in the last quarter.

Matthews China Active ETF Stock Performance

Shares of Matthews China Active ETF stock traded down $0.03 on Friday, reaching $28.55. 834 shares of the stock were exchanged, compared to its average volume of 3,260. The firm has a market cap of $22.84 million, a PE ratio of 12.47 and a beta of 0.76. The firm’s 50 day moving average is $28.32 and its 200-day moving average is $28.26. Matthews China Active ETF has a one year low of $25.77 and a one 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.