Matthews China Discovery Active ETF (NASDAQ:MCHS) Sees Large Decline in Short Interest

Matthews China Discovery Active ETF (NASDAQ:MCHS) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,613 shares, a decline of 95.1% from the July 15th total of 33,228 shares. Based on an average daily volume of 14,881 shares, the short-interest ratio is currently 0.1 days. Approximately 0.3% of the company’s shares are short sold.

Matthews China Discovery Active ETF Stock Down 1.2%

NASDAQ:MCHS traded down $0.53 during trading hours on Tuesday, hitting $42.08. 10,525 shares of the stock were exchanged, compared to its average volume of 7,884. The company’s 50 day moving average is $45.32 and its two-hundred day moving average is $41.88. Matthews China Discovery Active ETF has a twelve month low of $31.36 and a twelve month high of $53.25. The company has a market capitalization of $21.04 million, a P/E ratio of 16.73 and a beta of 0.87.

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.