Matthews Asia Innovators Active ETF (NYSEARCA:MINV) Short Interest Down 89.4% in December

Matthews Asia Innovators Active ETF (NYSEARCA:MINV) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 1,887 shares, a drop of 89.4% from the November 30th total of 17,775 shares. Based on an average trading volume of 6,496 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 6,496 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Matthews Asia Innovators Active ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MINV. Altfest L J & Co. Inc. boosted its holdings in Matthews Asia Innovators Active ETF by 1.1% during the third quarter. Altfest L J & Co. Inc. now owns 964,747 shares of the company’s stock worth $35,814,000 after buying an additional 10,222 shares during the last quarter. OLD Mission Capital LLC raised its position in shares of Matthews Asia Innovators Active ETF by 198.6% in the 1st quarter. OLD Mission Capital LLC now owns 188,402 shares of the company’s stock valued at $5,271,000 after acquiring an additional 125,297 shares during the period. Geneos Wealth Management Inc. bought a new position in Matthews Asia Innovators Active ETF during the 2nd quarter worth approximately $2,379,000. Harbour Investments Inc. boosted its stake in Matthews Asia Innovators Active ETF by 9.0% during the 2nd quarter. Harbour Investments Inc. now owns 5,391 shares of the company’s stock worth $168,000 after acquiring an additional 445 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in Matthews Asia Innovators Active ETF during the second quarter valued at approximately $119,000.

Matthews Asia Innovators Active ETF Stock Performance

MINV traded up $0.11 during trading on Wednesday, reaching $35.18. 1,020 shares of the company’s stock were exchanged, compared to its average volume of 9,889. The company’s fifty day moving average price is $35.92 and its 200-day moving average price is $34.44. The firm has a market capitalization of $77.40 million, a PE ratio of 20.71 and a beta of 0.84. Matthews Asia Innovators Active ETF has a fifty-two week low of $24.18 and a fifty-two week high of $38.56.

Matthews Asia Innovators Active ETF Company Profile

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.