Matthews China Discovery Active ETF (NASDAQ:MCHS) Short Interest Update

Matthews China Discovery Active ETF (NASDAQ:MCHS) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 38,666 shares, an increase of 558.0% from the April 30th total of 5,876 shares. Based on an average daily volume of 35,515 shares, the days-to-cover ratio is presently 1.1 days. Currently, 48.3% of the shares of the stock are sold short.

Matthews China Discovery Active ETF Price Performance

Shares of MCHS traded up $0.47 during midday trading on Thursday, hitting $48.26. The stock had a trading volume of 2,078 shares, compared to its average volume of 5,160. Matthews China Discovery Active ETF has a 1 year low of $27.50 and a 1 year high of $49.42. The firm has a market cap of $3.86 million, a PE ratio of 16.73 and a beta of 0.80. The stock’s 50 day moving average is $41.11 and its 200 day moving average is $37.25.

Matthews China Discovery Active ETF Company Profile

The Matthews China Discovery Active ETF (MCHS) is an exchange-traded fund that mostly invests in extended market equity. The fund is actively managed, seeking long-term capital appreciation through investments in small- and mid-cap stocks of Chinese companies with perceived sustainable growth potential. MCHS was launched on Jan 10, 2024 and is issued by Matthews.