Short Interest in Matthews China Active ETF (NYSEARCA:MCH) Drops By 19.8%

Matthews China Active ETF (NYSEARCA:MCH) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 701 shares, a decline of 19.8% from the February 12th total of 874 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 2,173 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 2,173 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Matthews China Active ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its holdings in shares of Matthews China Active ETF by 17.6% in the third quarter. Farther Finance Advisors LLC now owns 2,540 shares of the company’s stock valued at $77,000 after purchasing an additional 380 shares during the last quarter. Summit Place Financial Advisors LLC lifted its stake in shares of Matthews China Active ETF by 1.9% during the 4th quarter. Summit Place Financial Advisors LLC now owns 62,920 shares of the company’s stock worth $1,775,000 after buying an additional 1,150 shares during the last quarter. Merkkuri Wealth Advisors LLC grew its stake in Matthews China Active ETF by 2.1% in the 3rd quarter. Merkkuri Wealth Advisors LLC now owns 79,180 shares of the company’s stock valued at $2,397,000 after buying an additional 1,666 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in Matthews China Active ETF by 13.8% in the 4th quarter. Kestra Advisory Services LLC now owns 16,679 shares of the company’s stock valued at $470,000 after acquiring an additional 2,028 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Matthews China Active ETF by 69.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,000 shares of the company’s stock worth $487,000 after acquiring an additional 8,201 shares during the period.

Matthews China Active ETF Stock Down 0.1%

Shares of NYSEARCA MCH traded down $0.04 during trading hours on Friday, hitting $27.46. The company had a trading volume of 5,145 shares, compared to its average volume of 4,190. Matthews China Active ETF has a 1-year low of $20.06 and a 1-year high of $30.97. The firm’s 50 day moving average is $29.00 and its 200-day moving average is $29.10. The stock has a market capitalization of $21.97 million, a P/E ratio of 12.47 and a beta of 0.73.

About Matthews China Active ETF

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.