Matthews China Discovery Active ETF (NASDAQ:MCHS) Sees Large Decrease in Short Interest

Matthews China Discovery Active ETF (NASDAQ:MCHS) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 1,613 shares, a drop of 95.1% from the July 15th total of 33,228 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 14,881 shares, the days-to-cover ratio is currently 0.1 days.

Matthews China Discovery Active ETF Price Performance

Matthews China Discovery Active ETF stock traded down $0.05 during midday trading on Thursday, reaching $42.53. The company’s stock had a trading volume of 294 shares, compared to its average volume of 7,787. The stock has a market capitalization of $21.27 million, a P/E ratio of 16.73 and a beta of 0.87. The stock’s 50-day simple moving average is $45.24 and its 200-day simple moving average is $41.93. Matthews China Discovery Active ETF has a 52-week low of $31.36 and a 52-week high of $53.25.

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.