Matthews Korea Active ETF (NYSEARCA:MKOR) Sees Significant Increase in Short Interest

Matthews Korea Active ETF (NYSEARCA:MKOR) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 59,946 shares, a growth of 65.4% from the July 15th total of 36,234 shares. Approximately 2.6% of the shares of the company are sold short. Based on an average daily volume of 14,519 shares, the days-to-cover ratio is currently 4.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. OLD Mission Capital LLC raised its position in shares of Matthews Korea Active ETF by 2.3% in the fourth quarter. OLD Mission Capital LLC now owns 32,649 shares of the company’s stock worth $1,123,000 after acquiring an additional 728 shares during the period. Western Wealth Management LLC acquired a new stake in shares of Matthews Korea Active ETF during the 1st quarter valued at about $84,000. Advisory Services Network LLC acquired a new stake in shares of Matthews Korea Active ETF during the 3rd quarter valued at about $91,000. Jane Street Group LLC increased its stake in shares of Matthews Korea Active ETF by 45.5% in the 4th quarter. Jane Street Group LLC now owns 26,332 shares of the company’s stock valued at $906,000 after purchasing an additional 8,235 shares in the last quarter. Finally, Susquehanna International Group LLP increased its stake in shares of Matthews Korea Active ETF by 278.3% in the 3rd quarter. Susquehanna International Group LLP now owns 75,199 shares of the company’s stock valued at $2,271,000 after purchasing an additional 55,323 shares in the last quarter.

Matthews Korea Active ETF Stock Down 6.7%

Shares of NYSEARCA:MKOR traded down $4.23 during trading on Tuesday, hitting $58.82. 9,700 shares of the stock traded hands, compared to its average volume of 23,046. The company has a fifty day moving average price of $60.85 and a two-hundred day moving average price of $54.97. Matthews Korea Active ETF has a 52-week low of $26.78 and a 52-week high of $72.96. The company has a market cap of $135.29 million, a price-to-earnings ratio of 11.30 and a beta of 1.63.

Matthews Korea Active ETF Company Profile

The Matthews Korea Active ETF (MKOR) is an exchange-traded fund that mostly invests in total market equity. The fund actively manages a portfolio of South Korean, large- and mid-cap companies that are fundamentally screened for sustainable growth. MKOR was launched on Oct 29, 2010 and is issued by Matthews.