Short Interest in Matthews China Active ETF (NYSEARCA:MCH) Grows By 510.1%

Matthews China Active ETF (NYSEARCA:MCH) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 787 shares, a growth of 510.1% from the June 15th total of 129 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 5,977 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Matthews China Active ETF

A number of large investors have recently modified their holdings of MCH. Merkkuri Wealth Advisors LLC increased its position in shares of Matthews China Active ETF by 1.3% in the first quarter. Merkkuri Wealth Advisors LLC now owns 71,289 shares of the company’s stock valued at $1,877,000 after acquiring an additional 900 shares during the last quarter. OLD Mission Capital LLC raised its stake in shares of Matthews China Active ETF by 131.9% during the 4th quarter. OLD Mission Capital LLC now owns 89,925 shares of the company’s stock worth $2,536,000 after purchasing an additional 51,146 shares in the last quarter. Kestra Advisory Services LLC raised its stake in shares of Matthews China Active ETF by 13.8% during the 4th quarter. Kestra Advisory Services LLC now owns 16,679 shares of the company’s stock worth $470,000 after purchasing an additional 2,028 shares in the last quarter. Welch Financial Planning LLC bought a new stake in shares of Matthews China Active ETF during the 4th quarter worth approximately $2,254,000. Finally, Summit Place Financial Advisors LLC boosted its holdings in shares of Matthews China Active ETF by 1.9% in the 4th quarter. Summit Place Financial Advisors LLC now owns 62,920 shares of the company’s stock valued at $1,775,000 after buying an additional 1,150 shares during the last quarter.

Matthews China Active ETF Stock Performance

MCH remained flat at $28.28 during trading hours on Monday. 1,053 shares of the company traded hands, compared to its average volume of 3,703. The company has a market capitalization of $22.62 million, a PE ratio of 12.47 and a beta of 0.76. Matthews China Active ETF has a fifty-two week low of $24.67 and a fifty-two week high of $30.97. The firm has a fifty day moving average price of $28.93 and a 200-day moving average price of $28.52.

Matthews China Active ETF Company Profile

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.