Matthews Japan Active ETF (NYSEARCA:JPAN) Sees Large Decline in Short Interest

Matthews Japan Active ETF (NYSEARCA:JPAN) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 2,659 shares, a decline of 80.0% from the June 15th total of 13,319 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average trading volume of 1,676 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On Matthews Japan Active ETF

An institutional investor recently bought a new position in Matthews Japan Active ETF stock. Advisory Services Network LLC purchased a new stake in Matthews Japan Active ETF (NYSEARCA:JPAN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,821 shares of the company’s stock, valued at approximately $102,000. Advisory Services Network LLC owned about 1.76% of Matthews Japan Active ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Matthews Japan Active ETF Price Performance

NYSEARCA JPAN traded down $0.74 during trading hours on Monday, hitting $42.05. 465 shares of the company’s stock traded hands, compared to its average volume of 1,746. The company has a market capitalization of $8.41 million, a PE ratio of 17.96 and a beta of 0.80. Matthews Japan Active ETF has a 52-week low of $32.82 and a 52-week high of $43.84. The firm’s 50-day moving average is $41.77 and its 200-day moving average is $39.38.

Matthews Japan Active ETF Company Profile

The Matthews Japan Active ETF (JPAN) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects Japanese companies capable of sustainable growth based on fundamentals while considering ESG. The fund follows an all-cap approach while implementing a high-conviction growth strategy. JPAN was launched on Sep 22, 2023 and is issued by Matthews.