Short Interest in Matthews China Discovery Active ETF (NASDAQ:MCHS) Rises By 2,604.8%

Matthews China Discovery Active ETF (NASDAQ:MCHS) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 43,629 shares, a growth of 2,604.8% from the July 30th total of 1,613 shares. Approximately 8.7% of the company’s shares are sold short. Based on an average daily volume of 6,317 shares, the days-to-cover ratio is currently 6.9 days.

Matthews China Discovery Active ETF Stock Performance

Shares of NASDAQ MCHS traded up $0.44 during midday trading on Tuesday, reaching $42.26. 1,166 shares of the stock were exchanged, compared to its average volume of 7,487. The company has a 50 day simple moving average of $44.83 and a 200 day simple moving average of $42.32. The stock has a market capitalization of $21.13 million, a P/E ratio of 16.73 and a beta of 0.87. Matthews China Discovery Active ETF has a twelve month low of $31.36 and a twelve month high of $53.25.

About Matthews China Discovery Active ETF

The Matthews China Discovery Active ETF (MCHS) is an exchange-traded fund that mostly invests in extended market equity. The fund is actively managed, seeking long-term capital appreciation through investments in small- and mid-cap stocks of Chinese companies with perceived sustainable growth potential. MCHS was launched on Jan 10, 2024 and is issued by Matthews.