Matthews Asia Innovators Active ETF (NYSEARCA:MINV) Stock Short Interest Rises 166.8%

Matthews Asia Innovators Active ETF (NYSEARCA:MINV) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 60,487 shares, an increase of 166.8% from the September 15th total of 22,669 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 15,515 shares, the days-to-cover ratio is currently 3.9 days.

Hedge Funds Weigh In On Matthews Asia Innovators Active ETF

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in Matthews Asia Innovators Active ETF by 69.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,418 shares of the company’s stock worth $408,000 after purchasing an additional 3,460 shares during the period. Ameritas Advisory Services LLC bought a new stake in Matthews Asia Innovators Active ETF in the second quarter worth about $221,000. Triumph Capital Management purchased a new position in shares of Matthews Asia Innovators Active ETF during the second quarter valued at approximately $47,000. Geneos Wealth Management Inc. boosted its position in shares of Matthews Asia Innovators Active ETF by 1.9% during the first quarter. Geneos Wealth Management Inc. now owns 79,478 shares of the company’s stock valued at $3,023,000 after buying an additional 1,450 shares during the period. Finally, Sankala Group LLC purchased a new position in shares of Matthews Asia Innovators Active ETF during the fourth quarter valued at approximately $96,000.

Matthews Asia Innovators Active ETF Stock Down 1.2%

MINV traded down $0.57 during trading on Tuesday, reaching $46.88. The company had a trading volume of 3,750 shares, compared to its average volume of 14,268. The business has a 50 day simple moving average of $49.10 and a 200-day simple moving average of $49.51. The stock has a market cap of $164.08 million, a P/E ratio of 20.71 and a beta of 1.14. Matthews Asia Innovators Active ETF has a 52 week low of $32.86 and a 52 week high of $61.03.

About Matthews Asia Innovators Active ETF

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.