Matthews China Active ETF (NYSEARCA:MCH) Sees Large Growth in Short Interest

Matthews China Active ETF (NYSEARCA:MCH) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 4,691 shares, an increase of 889.7% from the August 15th total of 474 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 1,412 shares, the days-to-cover ratio is presently 3.3 days.

Matthews China Active ETF Stock Down 0.2%

Shares of Matthews China Active ETF stock traded down $0.06 on Friday, reaching $27.68. 428 shares of the stock were exchanged, compared to its average volume of 3,209. The business has a 50 day moving average price of $28.19 and a two-hundred day moving average price of $28.19. The firm has a market capitalization of $22.14 million, a price-to-earnings ratio of 12.47 and a beta of 0.76. Matthews China Active ETF has a twelve month low of $25.77 and a twelve month high of $30.97.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. OLD Mission Capital LLC grew its position in shares of 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 acquiring an additional 51,146 shares during the period. Jane Street Group LLC boosted its holdings in Matthews China Active ETF by 37.8% in 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. Flow Traders U.S. LLC purchased a new stake in Matthews China Active ETF during the 3rd quarter worth approximately $265,000. Goldman Sachs Group Inc. raised its holdings in shares of Matthews China Active ETF by 69.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,000 shares of the company’s stock valued at $487,000 after acquiring an additional 8,201 shares during the last quarter. Finally, Citadel Advisors LLC boosted its stake in shares of Matthews China Active ETF by 19.4% in the second quarter. Citadel Advisors LLC now owns 17,710 shares of the company’s stock worth $511,000 after acquiring an additional 2,877 shares during the last quarter.

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.