Short Interest in Matthews Asia Dividend Active ETF (NYSEARCA:ADVE) Decreases By 65.7%

Matthews Asia Dividend Active ETF (NYSEARCA:ADVE) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,120 shares, a decline of 65.7% from the May 31st total of 3,267 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 540 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Trading of Matthews Asia Dividend Active ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. bought a new position in Matthews Asia Dividend Active ETF during the 2nd quarter worth approximately $61,000. 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 worth $684,000 after buying an additional 7,991 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Matthews Asia Dividend Active ETF during the fourth quarter worth $216,000. Finally, Parallel Advisors LLC bought a new position in Matthews Asia Dividend Active ETF during the first quarter worth $27,000.

Matthews Asia Dividend Active ETF Stock Down 0.2%

Shares of NYSEARCA ADVE traded down $0.09 during trading on Friday, reaching $45.18. The company had a trading volume of 1,030 shares, compared to its average volume of 1,760. The stock has a market cap of $6.78 million, a P/E ratio of 14.51 and a beta of 0.62. The company’s fifty day moving average price is $46.03 and its 200-day moving average price is $43.30. Matthews Asia Dividend Active ETF has a 12 month low of $35.49 and a 12 month high of $47.82.

Matthews Asia Dividend Active ETF Company Profile

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.