Matthews Asia Dividend Active ETF (NYSEARCA:ADVE) Short Interest Down 65.7% in June

Matthews Asia Dividend Active ETF (NYSEARCA:ADVE) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 1,120 shares, a drop of 65.7% from the May 31st total of 3,267 shares. Based on an average trading volume of 540 shares, the short-interest ratio is presently 2.1 days. Approximately 0.7% of the company’s shares are sold short.

Institutional Investors Weigh In On Matthews Asia Dividend Active ETF

A number of hedge funds have recently added to or reduced their stakes in ADVE. Parallel Advisors LLC acquired a new position in Matthews Asia Dividend Active ETF in the first quarter valued at approximately $27,000. Geneos Wealth Management Inc. bought a new stake in shares of Matthews Asia Dividend Active ETF in the 2nd quarter valued at $61,000. Kestra Advisory Services LLC acquired a new position in shares of Matthews Asia Dividend Active ETF during the 4th quarter valued at $216,000. Finally, Jane Street Group LLC boosted its stake in Matthews Asia Dividend Active ETF by 84.3% during the fourth quarter. Jane Street Group LLC now owns 17,470 shares of the company’s stock worth $684,000 after acquiring an additional 7,991 shares in the last quarter.

Matthews Asia Dividend Active ETF Stock Performance

Shares of ADVE stock traded down $0.09 during mid-day trading on Friday, hitting $45.18. The company’s stock had a trading volume of 1,030 shares, compared to its average volume of 1,760. The company has a market cap of $6.78 million, a PE ratio of 14.51 and a beta of 0.62. The company’s fifty day simple moving average is $46.03 and its 200-day simple moving average is $43.30. Matthews Asia Dividend Active ETF has a 52 week low of $35.49 and a 52 week high of $47.82.

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.