Matthews China Discovery Active ETF (NASDAQ:MCHS) Short Interest Update

Matthews China Discovery Active ETF (NASDAQ:MCHS) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 33,228 shares, an increase of 76.8% from the June 30th total of 18,794 shares. Currently, 6.6% of the shares of the company are short sold. Based on an average daily volume of 23,739 shares, the short-interest ratio is presently 1.4 days.

Matthews China Discovery Active ETF Stock Performance

NASDAQ:MCHS traded up $0.51 during mid-day trading on Friday, hitting $40.06. 59,630 shares of the stock were exchanged, compared to its average volume of 7,852. The stock has a market capitalization of $20.03 million, a price-to-earnings ratio of 16.73 and a beta of 0.76. The firm’s 50-day simple moving average is $46.18 and its 200 day simple moving average is $41.49. Matthews China Discovery Active ETF has a fifty-two week low of $30.44 and a fifty-two week high of $53.25.

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.