Short Interest in Matthews India Active ETF (NYSEARCA:INDE) Increases By 171.0%

Matthews India Active ETF (NYSEARCA:INDE) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 187 shares, a growth of 171.0% from the November 30th total of 69 shares. Based on an average trading volume of 542 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 542 shares, the short-interest ratio is currently 0.3 days.

Matthews India Active ETF Stock Performance

Shares of INDE stock traded down $0.12 during mid-day trading on Friday, reaching $29.99. 89 shares of the company’s stock traded hands, compared to its average volume of 1,902. Matthews India Active ETF has a 12 month low of $25.72 and a 12 month high of $31.44. The firm has a 50 day moving average price of $30.67 and a two-hundred day moving average price of $30.11. The firm has a market capitalization of $9.00 million, a PE ratio of 32.13 and a beta of 0.07.

Institutional Investors Weigh In On Matthews India Active ETF

A number of institutional investors have recently bought and sold shares of the business. Navis Wealth Advisors LLC boosted its stake in shares of Matthews India Active ETF by 11.6% in the third quarter. Navis Wealth Advisors LLC now owns 15,596 shares of the company’s stock worth $459,000 after acquiring an additional 1,620 shares during the period. Freedom Financial Partners LLC bought a new stake in shares of Matthews India Active ETF during the second quarter valued at approximately $229,000. Susquehanna International Group LLP purchased a new stake in Matthews India Active ETF in the 3rd quarter worth $290,000. Finally, OLD Mission Capital LLC boosted its holdings in shares of Matthews India Active ETF by 29.8% during the 1st quarter. OLD Mission Capital LLC now owns 114,960 shares of the company’s stock valued at $3,176,000 after purchasing an additional 26,423 shares during the last quarter.

Matthews India Active ETF Company Profile

The Matthews India Active ETF (INDE) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects Indian companies capable of sustainable growth based on fundamentals. The fund follows an all-cap strategy while implementing a fundamental bottom-up approach. INDE was launched on Sep 22, 2023 and is issued by Matthews.