Short Interest in Matthews China Active ETF (NYSEARCA:MCH) Increases By 94.3%

Matthews China Active ETF (NYSEARCA:MCH) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 474 shares, an increase of 94.3% from the July 30th total of 244 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 1,329 shares, the short-interest ratio is presently 0.4 days.

Matthews China Active ETF Trading Down 0.8%

Shares of MCH stock opened at $28.31 on Tuesday. The company has a market capitalization of $22.65 million, a price-to-earnings ratio of 12.47 and a beta of 0.76. Matthews China Active ETF has a 1-year low of $25.77 and a 1-year high of $30.97. The stock’s fifty day simple moving average is $28.28 and its 200-day simple moving average is $28.24.

Hedge Funds Weigh In On Matthews China Active ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MCH. Welch Financial Planning LLC bought a new position in Matthews China Active ETF during the fourth quarter worth $2,254,000. OLD Mission Capital LLC increased its holdings in shares of Matthews China Active ETF by 131.9% during the 4th quarter. OLD Mission Capital LLC now owns 89,925 shares of the company’s stock worth $2,536,000 after purchasing an additional 51,146 shares during the period. Jane Street Group LLC raised its position in shares of Matthews China Active ETF by 37.8% during the first quarter. Jane Street Group LLC now owns 35,284 shares of the company’s stock valued at $859,000 after buying an additional 9,686 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Matthews China Active ETF during the third quarter valued at about $265,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Matthews China Active ETF by 69.5% in the first quarter. Goldman Sachs Group Inc. now owns 20,000 shares of the company’s stock valued at $487,000 after buying an additional 8,201 shares during the period.

Matthews China Active ETF Company Profile

The Matthews China Active ETF (MCH) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to hold stocks of Chinese companies that are fundamentally screened for sustainable growth. The fund also considers ESG factors in the investment process. MCH was launched on Jul 13, 2022 and is managed by Matthews.