Matthews China Discovery Active ETF (NASDAQ:MCHS) Shares Shorted: Short Interest Down 48.0% in October

Matthews China Discovery Active ETF (NASDAQ:MCHS) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 14,717 shares, a decline of 48.0% from the September 30th total of 28,277 shares. Approximately 3.7% of the shares of the company are short sold. Based on an average daily volume of 4,596 shares, the short-interest ratio is presently 3.2 days.

Matthews China Discovery Active ETF Price Performance

Matthews China Discovery Active ETF stock traded up $0.31 during mid-day trading on Monday, reaching $33.69. 1,012 shares of the company traded hands, compared to its average volume of 6,515. Matthews China Discovery Active ETF has a fifty-two week low of $31.36 and a fifty-two week high of $53.25. The company has a market capitalization of $13.48 million, a price-to-earnings ratio of 16.73 and a beta of 0.90. The firm’s fifty day moving average is $38.88 and its two-hundred day moving average is $40.94.

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.