Matthews Asia Dividend Active ETF (NYSEARCA:ADVE – Get Free Report) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 755 shares, a drop of 73.7% from the September 30th total of 2,871 shares. Based on an average trading volume of 260 shares, the short-interest ratio is currently 2.9 days. Approximately 0.5% of the company’s stock are sold short.
Institutional Trading of Matthews Asia Dividend Active ETF
Large investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new position in shares of Matthews Asia Dividend Active ETF in the 2nd quarter worth approximately $39,000. Parallel Advisors LLC bought a new stake in Matthews Asia Dividend Active ETF during the first quarter valued at approximately $27,000. Finally, Kestra Advisory Services LLC grew its position in Matthews Asia Dividend Active ETF by 102.1% during the first quarter. Kestra Advisory Services LLC now owns 11,127 shares of the company’s stock valued at $464,000 after buying an additional 5,620 shares during the period.
Matthews Asia Dividend Active ETF Stock Up 0.4%
Shares of NYSEARCA ADVE traded up $0.18 during midday trading on Wednesday, hitting $45.11. The stock had a trading volume of 26 shares, compared to its average volume of 1,776. The business’s 50 day moving average is $46.12 and its 200-day moving average is $44.88. Matthews Asia Dividend Active ETF has a 52 week low of $38.00 and a 52 week high of $47.82. The company has a market cap of $6.77 million, a P/E ratio of 14.51 and a beta of 0.63.
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.
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