Short Interest in Matthews China Discovery Active ETF (NASDAQ:MCHS) Rises By 83.6%

Matthews China Discovery Active ETF (NASDAQ:MCHS) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 5,876 shares, an increase of 83.6% from the April 15th total of 3,200 shares. Approximately 7.3% of the shares of the company are short sold. Based on an average trading volume of 1,235 shares, the short-interest ratio is currently 4.8 days.

Matthews China Discovery Active ETF Price Performance

NASDAQ:MCHS opened at $44.87 on Tuesday. The company has a market cap of $3.59 million, a P/E ratio of 16.73 and a beta of 0.80. The stock’s fifty day moving average price is $39.95 and its two-hundred day moving average price is $36.64. Matthews China Discovery Active ETF has a 1 year low of $27.50 and a 1 year high of $49.42.

About Matthews China Discovery Active ETF

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.