Matthews Asia Innovators Active ETF (NYSEARCA:MINV) Short Interest Update

Matthews Asia Innovators Active ETF (NYSEARCA:MINV) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 2,886 shares, a decrease of 91.2% from the June 30th total of 32,825 shares. Based on an average daily trading volume, of 11,408 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Matthews Asia Innovators Active ETF Stock Performance

MINV traded down $0.59 during mid-day trading on Friday, reaching $48.16. The stock had a trading volume of 5,269 shares, compared to its average volume of 16,125. The stock has a market capitalization of $158.93 million, a P/E ratio of 20.71 and a beta of 1.10. The firm’s fifty day simple moving average is $53.50 and its two-hundred day simple moving average is $45.38. Matthews Asia Innovators Active ETF has a 52 week low of $31.91 and a 52 week high of $61.03.

Hedge Funds Weigh In On Matthews Asia Innovators Active ETF

Several hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new stake in Matthews Asia Innovators Active ETF in the third quarter worth about $100,000. Sankala Group LLC acquired a new position in Matthews Asia Innovators Active ETF during the 4th quarter valued at about $96,000. Jane Street Group LLC acquired a new position in Matthews Asia Innovators Active ETF during the 4th quarter valued at about $305,000. Quantify Chaos Advisors LLC bought a new position in shares of Matthews Asia Innovators Active ETF in the 4th quarter valued at about $314,000. Finally, OLD Mission Capital LLC bought a new position in shares of Matthews Asia Innovators Active ETF in the 4th quarter valued at about $936,000.

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.