Short Interest in Matthews India Active ETF (NYSEARCA:INDE) Increases By 443.7%

Matthews India Active ETF (NYSEARCA:INDE) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 126,315 shares, a growth of 443.7% from the June 15th total of 23,234 shares. Currently, 21.1% of the company’s shares are short sold. Based on an average daily volume of 12,915 shares, the days-to-cover ratio is currently 9.8 days.

Institutional Trading of Matthews India Active ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Harbour Wealth Management Group Inc. acquired a new position in shares of Matthews India Active ETF in the fourth quarter worth $648,000. Navis Wealth Advisors LLC grew its stake in shares of Matthews India Active ETF by 11.6% in the 3rd quarter. Navis Wealth Advisors LLC now owns 15,596 shares of the company’s stock valued at $459,000 after buying an additional 1,620 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Matthews India Active ETF in the third quarter worth approximately $290,000.

Matthews India Active ETF Trading Up 1.4%

INDE stock traded up $0.40 during mid-day trading on Friday, reaching $29.61. 349 shares of the stock traded hands, compared to its average volume of 4,765. Matthews India Active ETF has a 52-week low of $24.98 and a 52-week high of $31.44. The company has a market cap of $17.77 million, a P/E ratio of 32.13 and a beta of 0.29. The stock’s fifty day moving average is $28.05 and its 200-day moving average is $28.17.

About Matthews India Active ETF

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.