Matthews Asia Innovators Active ETF (NYSEARCA:MINV) Sees Large Increase in Short Interest

Matthews Asia Innovators Active ETF (NYSEARCA:MINV) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 12,752 shares, a growth of 76.2% from the April 15th total of 7,238 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 19,146 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Matthews Asia Innovators Active ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sankala Group LLC acquired a new stake in Matthews Asia Innovators Active ETF during the 4th quarter worth about $96,000. Advisory Services Network LLC acquired a new stake in Matthews Asia Innovators Active ETF during the third quarter valued at $100,000. Jane Street Group LLC acquired a new stake in Matthews Asia Innovators Active ETF during the fourth quarter valued at $305,000. Quantify Chaos Advisors LLC acquired a new stake in Matthews Asia Innovators Active ETF during the fourth quarter valued at $314,000. Finally, OLD Mission Capital LLC acquired a new stake in Matthews Asia Innovators Active ETF during the fourth quarter valued at $936,000.

Matthews Asia Innovators Active ETF Trading Up 0.1%

MINV traded up $0.03 during midday trading on Monday, hitting $50.18. 9,144 shares of the company were exchanged, compared to its average volume of 17,311. The company’s 50 day simple moving average is $43.04 and its 200 day simple moving average is $39.19. The firm has a market capitalization of $155.56 million, a price-to-earnings ratio of 20.71 and a beta of 1.05. Matthews Asia Innovators Active ETF has a 1-year low of $28.94 and a 1-year high of $54.50.

About Matthews Asia Innovators Active ETF

The Matthews Asia Innovators Active ETF (MINV) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to hold stocks of innovative companies in Asia. Holdings are fundamentally screened for sustainable growth. MINV was launched on Jul 13, 2022 and is managed by Matthews.