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

Matthews Asia Innovators Active ETF (NYSEARCA:MINV) was the target of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 3,069 shares, a decline of 88.6% from the February 12th total of 26,953 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 62,362 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 62,362 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the company’s shares are short sold.

Matthews Asia Innovators Active ETF Stock Up 1.0%

Shares of MINV traded up $0.39 on Tuesday, hitting $39.28. 4,522 shares of the stock traded hands, compared to its average volume of 22,050. Matthews Asia Innovators Active ETF has a 1 year low of $24.18 and a 1 year high of $41.93. The stock’s 50 day moving average is $38.48 and its two-hundred day moving average is $36.87. The firm has a market capitalization of $98.20 million, a P/E ratio of 20.71 and a beta of 0.84.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MINV. Geneos Wealth Management Inc. purchased a new stake in shares of Matthews Asia Innovators Active ETF in the second quarter valued at $2,379,000. OLD Mission Capital LLC purchased a new position in Matthews Asia Innovators Active ETF during the fourth quarter worth about $936,000. Altfest L J & Co. Inc. lifted its position in Matthews Asia Innovators Active ETF by 1.1% during the third quarter. Altfest L J & Co. Inc. now owns 964,747 shares of the company’s stock worth $35,814,000 after buying an additional 10,222 shares during the period. Quantify Chaos Advisors LLC acquired a new stake in Matthews Asia Innovators Active ETF in the 4th quarter worth about $314,000. Finally, Jane Street Group LLC acquired a new stake in Matthews Asia Innovators Active ETF in the 4th quarter worth about $305,000.

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.