Short Interest in Matthews India Active ETF (NYSEARCA:INDE) Increases By 443.7%

Matthews India Active ETF (NYSEARCA:INDE) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 126,315 shares, an increase of 443.7% from the June 15th total of 23,234 shares. Based on an average daily trading volume, of 12,915 shares, the days-to-cover ratio is presently 9.8 days. Approximately 21.1% of the shares of the company are sold short.

Matthews India Active ETF Price Performance

Shares of Matthews India Active ETF stock traded up $0.40 during midday trading on Friday, hitting $29.61. The company had a trading volume of 349 shares, compared to its average volume of 4,765. The business’s 50 day simple moving average is $28.05 and its two-hundred day simple moving average is $28.17. The stock has a market cap of $17.77 million, a PE ratio of 32.13 and a beta of 0.29. Matthews India Active ETF has a 1-year low of $24.98 and a 1-year high of $31.44.

Institutional Trading of Matthews India Active ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Harbour Wealth Management Group Inc. bought a new stake in shares of Matthews India Active ETF in the 4th quarter worth approximately $648,000. Susquehanna International Group LLP bought a new stake in shares of Matthews India Active ETF during the third quarter valued at approximately $290,000. Finally, Navis Wealth Advisors LLC raised its stake in shares of Matthews India Active ETF by 11.6% in the third quarter. Navis Wealth Advisors LLC now owns 15,596 shares of the company’s stock valued at $459,000 after purchasing an additional 1,620 shares in the last quarter.

About Matthews India Active ETF

The Matthews India Active ETF (INDE) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects Indian companies capable of sustainable growth based on fundamentals. The fund follows an all-cap strategy while implementing a fundamental bottom-up approach. INDE was launched on Sep 22, 2023 and is issued by Matthews.