Matthews China Active ETF (NYSEARCA:MCH) Sees Significant Decrease in Short Interest

Matthews China Active ETF (NYSEARCA:MCH) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 874 shares, a drop of 17.9% from the January 29th total of 1,064 shares. Based on an average daily volume of 3,348 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 3,348 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Matthews China Active ETF

A number of institutional investors have recently bought and sold shares of MCH. Farther Finance Advisors LLC raised its position in shares of Matthews China Active ETF by 17.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,540 shares of the company’s stock worth $77,000 after acquiring an additional 380 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in Matthews China Active ETF during the third quarter worth approximately $265,000. Integrity Wealth Solutions LLC increased its holdings in Matthews China Active ETF by 38.4% in the second quarter. Integrity Wealth Solutions LLC now owns 11,443 shares of the company’s stock worth $280,000 after purchasing an additional 3,173 shares in the last quarter. PFG Private Wealth Management LLC acquired a new position in Matthews China Active ETF in the third quarter valued at approximately $346,000. Finally, Kestra Advisory Services LLC lifted its stake in Matthews China Active ETF by 13.8% in the fourth quarter. Kestra Advisory Services LLC now owns 16,679 shares of the company’s stock valued at $470,000 after buying an additional 2,028 shares during the period.

Matthews China Active ETF Stock Performance

Shares of NYSEARCA:MCH traded up $0.23 during trading on Wednesday, reaching $27.51. The stock had a trading volume of 10,902 shares, compared to its average volume of 3,464. Matthews China Active ETF has a 52 week low of $20.06 and a 52 week high of $30.97. The firm’s fifty day moving average is $29.15 and its 200 day moving average is $29.11. The stock has a market cap of $22.01 million, a price-to-earnings ratio of 12.47 and a beta of 0.73.

About Matthews China Active ETF

The Matthews China Active ETF (MCH) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to hold stocks of Chinese companies that are fundamentally screened for sustainable growth. The fund also considers ESG factors in the investment process. MCH was launched on Jul 13, 2022 and is managed by Matthews.