Short Interest in Matthews Asia Dividend Active ETF (NYSEARCA:ADVE) Grows By 108.0%

Matthews Asia Dividend Active ETF (NYSEARCA:ADVE) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 3,267 shares, a growth of 108.0% from the May 14th total of 1,571 shares. Based on an average daily trading volume, of 677 shares, the days-to-cover ratio is currently 4.8 days. Currently, 2.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Matthews Asia Dividend Active ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of ADVE. Jane Street Group LLC grew its holdings in Matthews Asia Dividend Active ETF by 84.3% in the fourth quarter. Jane Street Group LLC now owns 17,470 shares of the company’s stock worth $684,000 after purchasing an additional 7,991 shares during the period. Kestra Advisory Services LLC grew its holdings in Matthews Asia Dividend Active ETF by 102.1% in the first quarter. Kestra Advisory Services LLC now owns 11,127 shares of the company’s stock worth $464,000 after purchasing an additional 5,620 shares during the period. Geneos Wealth Management Inc. purchased a new stake in Matthews Asia Dividend Active ETF in the second quarter worth about $61,000. Finally, Parallel Advisors LLC purchased a new stake in Matthews Asia Dividend Active ETF in the first quarter worth about $27,000.

Matthews Asia Dividend Active ETF Stock Performance

Shares of NYSEARCA ADVE traded up $0.24 during midday trading on Friday, hitting $46.47. 264 shares of the company traded hands, compared to its average volume of 1,834. Matthews Asia Dividend Active ETF has a 12-month low of $34.66 and a 12-month high of $47.82. The stock has a 50-day moving average price of $45.42 and a 200 day moving average price of $42.79. The firm has a market cap of $6.97 million, a P/E ratio of 14.51 and a beta of 0.62.

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.