Matthews Asia Innovators Active ETF (NYSEARCA:MINV) Short Interest Up 387.4% in August

Matthews Asia Innovators Active ETF (NYSEARCA:MINV) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 15,919 shares, an increase of 387.4% from the July 30th total of 3,266 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 14,180 shares, the days-to-cover ratio is presently 1.1 days.

Matthews Asia Innovators Active ETF Stock Performance

Shares of Matthews Asia Innovators Active ETF stock traded up $0.07 on Wednesday, reaching $49.69. The company had a trading volume of 695 shares, compared to its average volume of 15,458. The firm’s 50 day moving average price is $51.46 and its two-hundred day moving average price is $47.18. The firm has a market cap of $163.98 million, a PE ratio of 20.71 and a beta of 1.13. Matthews Asia Innovators Active ETF has a 52-week low of $32.86 and a 52-week high of $61.03.

Institutional Trading of Matthews Asia Innovators Active ETF

Several institutional investors have recently added to or reduced their stakes in MINV. Triumph Capital Management acquired a new position in Matthews Asia Innovators Active ETF during the second quarter worth $47,000. Sankala Group LLC purchased a new position in shares of Matthews Asia Innovators Active ETF during the fourth quarter worth $96,000. Advisory Services Network LLC acquired a new stake in shares of Matthews Asia Innovators Active ETF in the third quarter valued at $100,000. Ameritas Advisory Services LLC acquired a new stake in shares of Matthews Asia Innovators Active ETF in the second quarter valued at $221,000. Finally, Jane Street Group LLC purchased a new stake in shares of Matthews Asia Innovators Active ETF in the 4th quarter valued at $305,000.

Matthews Asia Innovators Active ETF Company Profile

The Matthews Asia Innovators Active ETF (MINV) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to hold stocks of innovative companies in Asia. Holdings are fundamentally screened for sustainable growth. MINV was launched on Jul 13, 2022 and is managed by Matthews.