Matthews Asia Innovators Active ETF (NYSEARCA:MINV) Short Interest Down 73.5% in June

Matthews Asia Innovators Active ETF (NYSEARCA:MINV) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 8,616 shares, a drop of 73.5% from the May 31st total of 32,550 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 14,712 shares, the days-to-cover ratio is presently 0.6 days.

Matthews Asia Innovators Active ETF Stock Down 1.7%

Shares of MINV traded down $0.93 during trading on Friday, reaching $55.43. 5,346 shares of the company traded hands, compared to its average volume of 17,261. The stock has a 50-day simple moving average of $52.12 and a 200-day simple moving average of $43.07. The stock has a market cap of $171.83 million, a PE ratio of 20.71 and a beta of 1.11. Matthews Asia Innovators Active ETF has a twelve month low of $30.85 and a twelve month high of $61.03.

Institutional Investors Weigh In On Matthews Asia Innovators Active ETF

A number of hedge funds have recently bought and sold shares of MINV. Geneos Wealth Management Inc. lifted its position in shares of Matthews Asia Innovators Active ETF by 2.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 78,028 shares of the company’s stock worth $2,755,000 after purchasing an additional 1,817 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Matthews Asia Innovators Active ETF in the 3rd quarter valued at $100,000. Quantify Chaos Advisors LLC purchased a new position in shares of Matthews Asia Innovators Active ETF in the 4th quarter valued at $314,000. Jane Street Group LLC acquired a new stake in Matthews Asia Innovators Active ETF during the 4th quarter worth $305,000. Finally, OLD Mission Capital LLC acquired a new stake in Matthews Asia Innovators Active ETF during the 4th quarter worth $936,000.

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.