Matthews Japan Active ETF (NYSEARCA:JPAN) Sees Large Decline in Short Interest

Matthews Japan Active ETF (NYSEARCA:JPAN) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 266 shares, a decrease of 90.0% from the June 30th total of 2,659 shares. Based on an average trading volume of 1,032 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of Matthews Japan Active ETF

A hedge fund recently bought a new stake in Matthews Japan Active ETF stock. Advisory Services Network LLC bought a new stake in shares of Matthews Japan Active ETF (NYSEARCA:JPAN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,821 shares of the company’s stock, valued at approximately $102,000. Advisory Services Network LLC owned 1.76% of Matthews Japan Active ETF at the end of the most recent quarter.

Matthews Japan Active ETF Stock Down 0.2%

NYSEARCA:JPAN traded down $0.07 on Friday, hitting $40.88. The stock had a trading volume of 757 shares, compared to its average volume of 1,704. The business’s 50-day simple moving average is $41.82 and its two-hundred day simple moving average is $39.70. The stock has a market cap of $8.18 million, a price-to-earnings ratio of 17.96 and a beta of 0.80. Matthews Japan Active ETF has a 52-week low of $33.54 and a 52-week high of $43.84.

About Matthews Japan Active ETF

The Matthews Japan Active ETF (JPAN) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects Japanese companies capable of sustainable growth based on fundamentals while considering ESG. The fund follows an all-cap approach while implementing a high-conviction growth strategy. JPAN was launched on Sep 22, 2023 and is issued by Matthews.