Short Interest in Matthews China Discovery Active ETF (NASDAQ:MCHS) Expands By 2,604.8%

Matthews China Discovery Active ETF (NASDAQ:MCHS) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 43,629 shares, an increase of 2,604.8% from the July 30th total of 1,613 shares. Based on an average trading volume of 6,317 shares, the short-interest ratio is presently 6.9 days. Approximately 8.7% of the company’s shares are short sold.

Matthews China Discovery Active ETF Trading Up 0.2%

NASDAQ:MCHS opened at $42.35 on Thursday. The firm has a market capitalization of $21.18 million, a price-to-earnings ratio of 16.73 and a beta of 0.87. The firm’s fifty day simple moving average is $44.59 and its 200 day simple moving average is $42.40. Matthews China Discovery Active ETF has a twelve month low of $31.36 and a twelve month high of $53.25.

About Matthews China Discovery Active ETF

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.