Matthews Pacific Tiger Active ETF (NYSEARCA:ASIA) Sees Large Increase in Short Interest

Matthews Pacific Tiger Active ETF (NYSEARCA:ASIAGet Free Report) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 309 shares, a growth of 415.0% from the August 15th total of 60 shares. Based on an average daily trading volume, of 6,143 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Matthews Pacific Tiger Active ETF

An institutional investor recently raised its stake in Matthews Pacific Tiger Active ETF stock. Cahill Financial Advisors Inc. raised its position in Matthews Pacific Tiger Active ETF (NYSEARCA:ASIAFree Report) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 123,257 shares of the company’s stock after purchasing an additional 630 shares during the quarter. Cahill Financial Advisors Inc. owned 9.48% of Matthews Pacific Tiger Active ETF worth $5,579,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 34.74% of the company’s stock.

Matthews Pacific Tiger Active ETF Price Performance

Shares of ASIA stock traded up $0.52 during trading hours on Friday, reaching $41.56. The company had a trading volume of 453 shares, compared to its average volume of 4,253. The company has a 50 day moving average of $41.19 and a 200 day moving average of $40.56. The firm has a market cap of $54.03 million, a price-to-earnings ratio of -12.36 and a beta of 0.90. Matthews Pacific Tiger Active ETF has a 1-year low of $32.09 and a 1-year high of $47.47.

Matthews Pacific Tiger Active ETF Company Profile

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The Matthews Pacific Tiger Active ETF (ASIA) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that seeks long-term capital appreciation by investing in companies located in Asia, excluding Japan. The fund manager selects stocks based on strong fundamentals. ASIA was launched on Sep 22, 2023 and is issued by Matthews.

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