Matthews China Discovery Active ETF (NASDAQ:MCHS) Short Interest Up 2,631.7% in June

Matthews China Discovery Active ETF (NASDAQ:MCHS) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 18,794 shares, an increase of 2,631.7% from the June 15th total of 688 shares. Approximately 3.8% of the shares of the stock are short sold. Based on an average trading volume of 9,152 shares, the short-interest ratio is presently 2.1 days.

Matthews China Discovery Active ETF Price Performance

Shares of NASDAQ:MCHS traded down $0.94 during trading on Friday, hitting $47.38. 9,773 shares of the company’s stock were exchanged, compared to its average volume of 7,153. Matthews China Discovery Active ETF has a 52-week low of $29.67 and a 52-week high of $53.25. The business’s 50-day simple moving average is $47.07 and its 200 day simple moving average is $40.54. The company has a market cap of $23.69 million, a price-to-earnings ratio of 16.73 and a beta of 0.76.

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.