Short Interest in Matthews China Active ETF (NYSEARCA:MCH) Drops By 65.9%

Matthews China Active ETF (NYSEARCA:MCH) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 268 shares, a drop of 65.9% from the June 30th total of 787 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 784 shares, the days-to-cover ratio is currently 0.3 days.

Matthews China Active ETF Trading Down 1.9%

Matthews China Active ETF stock opened at $27.39 on Wednesday. The firm has a market cap of $21.91 million, a PE ratio of 12.47 and a beta of 0.76. Matthews China Active ETF has a 12 month low of $25.29 and a 12 month high of $30.97. The stock’s 50 day simple moving average is $28.62 and its two-hundred day simple moving average is $28.43.

Institutional Trading of Matthews China Active ETF

Hedge funds have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC purchased a new position in Matthews China Active ETF in the third quarter valued at $265,000. Kestra Advisory Services LLC raised its position in shares of Matthews China Active ETF by 13.8% in the fourth quarter. Kestra Advisory Services LLC now owns 16,679 shares of the company’s stock worth $470,000 after acquiring an additional 2,028 shares during the period. Goldman Sachs Group Inc. boosted its stake 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 acquiring an additional 8,201 shares in the last quarter. Jane Street Group LLC boosted its stake 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 acquiring an additional 9,686 shares in the last quarter. Finally, Summit Place Financial Advisors LLC boosted its stake in shares of 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 worth $1,775,000 after acquiring an additional 1,150 shares in the last quarter.

About Matthews China Active ETF

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.