Matthews China Active ETF (NYSEARCA:MCH) Short Interest Down 76.8% in June

Matthews China Active ETF (NYSEARCA:MCH) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 129 shares, a drop of 76.8% from the May 31st total of 556 shares. Based on an average daily trading volume, of 1,667 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Matthews China Active ETF Price Performance

NYSEARCA:MCH traded down $0.57 during trading hours on Friday, reaching $28.56. 1,389 shares of the stock were exchanged, compared to its average volume of 3,769. The stock has a market cap of $22.85 million, a PE ratio of 12.47 and a beta of 0.76. Matthews China Active ETF has a twelve month low of $24.20 and a twelve month high of $30.97. The firm has a 50 day moving average of $28.89 and a 200 day moving average of $28.54.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its position in Matthews China Active ETF by 69.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,000 shares of the company’s stock valued at $487,000 after purchasing an additional 8,201 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Matthews China Active ETF by 37.8% during the first quarter. Jane Street Group LLC now owns 35,284 shares of the company’s stock worth $859,000 after purchasing an additional 9,686 shares during the period. Flow Traders U.S. LLC acquired a new stake in Matthews China Active ETF during the 3rd quarter worth approximately $265,000. Summit Place Financial Advisors LLC boosted its stake in Matthews China Active ETF by 1.9% in the 4th quarter. Summit Place Financial Advisors LLC now owns 62,920 shares of the company’s stock valued at $1,775,000 after purchasing an additional 1,150 shares during the period. Finally, Welch Financial Planning LLC bought a new stake in Matthews China Active ETF in the 4th quarter valued at $2,254,000.

About Matthews China Active ETF

The Matthews China Active ETF (MCH) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to hold stocks of Chinese companies that are fundamentally screened for sustainable growth. The fund also considers ESG factors in the investment process. MCH was launched on Jul 13, 2022 and is managed by Matthews.