Short Interest in Matthews Asia Dividend Active ETF (NYSEARCA:ADVE) Grows By 108.0%

Matthews Asia Dividend Active ETF (NYSEARCA:ADVE) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 3,267 shares, an increase of 108.0% from the May 14th total of 1,571 shares. Approximately 2.2% of the company’s shares are sold short. Based on an average trading volume of 677 shares, the short-interest ratio is presently 4.8 days.

Matthews Asia Dividend Active ETF Stock Up 0.5%

Shares of NYSEARCA:ADVE traded up $0.24 during midday trading on Friday, hitting $46.47. 264 shares of the stock traded hands, compared to its average volume of 1,834. The stock has a market capitalization of $6.97 million, a PE ratio of 14.51 and a beta of 0.62. The business’s 50 day moving average is $45.42 and its two-hundred day moving average is $42.79. Matthews Asia Dividend Active ETF has a one year low of $34.66 and a one year high of $47.82.

Hedge Funds Weigh In On Matthews Asia Dividend Active ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC bought a new position in shares of Matthews Asia Dividend Active ETF during the first quarter valued at about $27,000. Geneos Wealth Management Inc. purchased a new position in shares of Matthews Asia Dividend Active ETF during the second quarter valued at about $61,000. Kestra Advisory Services LLC purchased a new position in shares of Matthews Asia Dividend Active ETF during the fourth quarter valued at about $216,000. Finally, Jane Street Group LLC increased its position in shares of Matthews Asia Dividend Active ETF by 84.3% during the fourth quarter. Jane Street Group LLC now owns 17,470 shares of the company’s stock valued at $684,000 after buying an additional 7,991 shares during the period.

About Matthews Asia Dividend Active ETF

The Matthews Asia Dividend Active ETF (ADVE) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed portfolio of dividend-paying companies located in Asia. The fund seeks to provide total return with a level of current income higher than average Asian equities. ADVE was launched on Sep 22, 2023 and is issued by Matthews.