Matthews China Discovery Active ETF (NASDAQ:MCHS) Short Interest Update

Matthews China Discovery Active ETF (NASDAQ:MCHS) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 38,666 shares, a growth of 558.0% from the April 30th total of 5,876 shares. Based on an average daily trading volume, of 35,515 shares, the short-interest ratio is presently 1.1 days. Approximately 48.3% of the shares of the company are short sold.

Matthews China Discovery Active ETF Trading Up 1.0%

Shares of MCHS stock traded up $0.47 during trading hours on Thursday, reaching $48.26. The stock had a trading volume of 2,078 shares, compared to its average volume of 5,160. The stock’s fifty day simple moving average is $41.11 and its 200 day simple moving average is $37.25. Matthews China Discovery Active ETF has a 12 month low of $27.50 and a 12 month high of $49.42. The firm has a market capitalization of $3.86 million, a PE ratio of 16.73 and a beta of 0.80.

Matthews China Discovery Active ETF Company Profile

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.