Matthews China Discovery Active ETF (NASDAQ:MCHS) Sees Large Growth in Short Interest

Matthews China Discovery Active ETF (NASDAQ:MCHS) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 18,794 shares, a growth of 2,631.7% from the June 15th total of 688 shares. Based on an average daily trading volume, of 9,152 shares, the short-interest ratio is currently 2.1 days. Currently, 3.8% of the shares of the stock are short sold.

Matthews China Discovery Active ETF Price Performance

Shares of Matthews China Discovery Active ETF stock traded down $0.94 during trading hours on Friday, reaching $47.38. The company’s stock had a trading volume of 9,773 shares, compared to its average volume of 7,153. The firm has a 50 day moving average price of $47.07 and a 200-day moving average price of $40.54. Matthews China Discovery Active ETF has a one year low of $29.67 and a one year high of $53.25. The stock has a market cap of $23.69 million, a P/E ratio of 16.73 and a beta of 0.76.

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.