Matthews Asia Innovators Active ETF (NYSEARCA:MINV) Shares Shorted: Short Interest Up 166.8% in September

Matthews Asia Innovators Active ETF (NYSEARCA:MINV) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 60,487 shares, an increase of 166.8% from the September 15th total of 22,669 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 15,515 shares, the days-to-cover ratio is currently 3.9 days.

Hedge Funds Weigh In On Matthews Asia Innovators Active ETF

A number of institutional investors and hedge funds have recently bought and sold shares of MINV. Geneos Wealth Management Inc. boosted its holdings in shares of Matthews Asia Innovators Active ETF by 1.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 79,478 shares of the company’s stock worth $3,023,000 after purchasing an additional 1,450 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Matthews Asia Innovators Active ETF by 69.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,418 shares of the company’s stock worth $408,000 after purchasing an additional 3,460 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Matthews Asia Innovators Active ETF during the 2nd quarter worth approximately $221,000. Sankala Group LLC acquired a new stake in Matthews Asia Innovators Active ETF in the 4th quarter valued at approximately $96,000. Finally, Triumph Capital Management acquired a new position in Matthews Asia Innovators Active ETF during the 2nd quarter worth about $47,000.

Matthews Asia Innovators Active ETF Trading Down 1.0%

MINV traded down $0.50 during midday trading on Monday, hitting $47.45. 3,222 shares of the company traded hands, compared to its average volume of 14,322. The company has a market capitalization of $166.07 million, a price-to-earnings ratio of 20.71 and a beta of 1.14. Matthews Asia Innovators Active ETF has a 52-week low of $32.86 and a 52-week high of $61.03. The business has a 50 day simple moving average of $49.16 and a two-hundred day simple moving average of $49.39.

About Matthews Asia Innovators Active ETF

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.