Short Interest in Matthews Korea Active ETF (NYSEARCA:MKOR) Declines By 69.8%

Matthews Korea Active ETF (NYSEARCA:MKOR) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 4,503 shares, a drop of 69.8% from the February 26th total of 14,902 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 60,185 shares, the days-to-cover ratio is presently 0.1 days.

Matthews Korea Active ETF Price Performance

NYSEARCA:MKOR traded down $2.62 during trading hours on Thursday, reaching $42.56. 23,906 shares of the company traded hands, compared to its average volume of 26,671. The firm’s 50-day moving average is $45.17 and its 200-day moving average is $37.18. The stock has a market cap of $89.38 million, a P/E ratio of 11.30 and a beta of 1.10. Matthews Korea Active ETF has a 1-year low of $19.85 and a 1-year high of $53.15.

Hedge Funds Weigh In On Matthews Korea Active ETF

Large investors have recently added to or reduced their stakes in the business. OLD Mission Capital LLC raised its holdings in Matthews Korea Active ETF by 2.3% in the fourth quarter. OLD Mission Capital LLC now owns 32,649 shares of the company’s stock valued at $1,123,000 after acquiring an additional 728 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Matthews Korea Active ETF by 45.5% in the 4th quarter. Jane Street Group LLC now owns 26,332 shares of the company’s stock valued at $906,000 after purchasing an additional 8,235 shares in the last quarter. Susquehanna International Group LLP lifted its position in shares of Matthews Korea Active ETF by 278.3% during the third quarter. Susquehanna International Group LLP now owns 75,199 shares of the company’s stock worth $2,271,000 after purchasing an additional 55,323 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in Matthews Korea Active ETF in the third quarter worth about $91,000.

Matthews Korea Active ETF Company Profile

The Matthews Korea Active ETF (MKOR) is an exchange-traded fund that mostly invests in total market equity. The fund actively manages a portfolio of South Korean, large- and mid-cap companies that are fundamentally screened for sustainable growth. MKOR was launched on Oct 29, 2010 and is issued by Matthews.