Short Interest in Matthews Asia Innovators Active ETF (NYSEARCA:MINV) Rises By 281.0%

Matthews Asia Innovators Active ETF (NYSEARCA:MINV) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 32,825 shares, an increase of 281.0% from the June 15th total of 8,616 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily volume of 14,081 shares, the short-interest ratio is currently 2.3 days.

Matthews Asia Innovators Active ETF Stock Performance

NYSEARCA MINV traded down $2.50 during trading hours on Monday, hitting $50.71. 5,768 shares of the company’s stock were exchanged, compared to its average volume of 16,855. The business’s 50 day moving average is $53.87 and its 200-day moving average is $44.58. Matthews Asia Innovators Active ETF has a 12-month low of $31.00 and a 12-month high of $61.03. The firm has a market capitalization of $167.34 million, a P/E ratio of 20.71 and a beta of 1.10.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sankala Group LLC purchased a new position in shares of Matthews Asia Innovators Active ETF during the 4th quarter worth about $96,000. Advisory Services Network LLC purchased a new stake in Matthews Asia Innovators Active ETF in the third quarter valued at approximately $100,000. Jane Street Group LLC acquired a new position in Matthews Asia Innovators Active ETF during the fourth quarter worth approximately $305,000. Quantify Chaos Advisors LLC acquired a new position in Matthews Asia Innovators Active ETF during the fourth quarter worth approximately $314,000. Finally, OLD Mission Capital LLC purchased a new position in Matthews Asia Innovators Active ETF during the fourth quarter worth approximately $936,000.

Matthews Asia Innovators Active ETF Company Profile

The Matthews Asia Innovators Active ETF (MINV) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to hold stocks of innovative companies in Asia. Holdings are fundamentally screened for sustainable growth. MINV was launched on Jul 13, 2022 and is managed by Matthews.