Matthews Korea Active ETF (NYSEARCA:MKOR) Sees Significant Growth in Short Interest

Matthews Korea Active ETF (NYSEARCA:MKOR) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 36,234 shares, a growth of 416.7% from the June 30th total of 7,012 shares. Based on an average daily trading volume, of 27,181 shares, the short-interest ratio is currently 1.3 days. Currently, 1.6% of the shares of the stock are short sold.

Matthews Korea Active ETF Stock Performance

MKOR stock traded down $1.95 during midday trading on Monday, reaching $56.82. 164 shares of the company traded hands, compared to its average volume of 24,689. The firm has a market capitalization of $130.69 million, a price-to-earnings ratio of 11.30 and a beta of 1.56. Matthews Korea Active ETF has a 52-week low of $26.78 and a 52-week high of $72.96. The business has a 50 day moving average of $63.01 and a 200-day moving average of $52.94.

Hedge Funds Weigh In On Matthews Korea Active ETF

A number of large investors have recently made changes to their positions in MKOR. Western Wealth Management LLC bought a new position in Matthews Korea Active ETF during the 1st quarter valued at about $84,000. Advisory Services Network LLC bought a new position in shares of Matthews Korea Active ETF during the third quarter valued at approximately $91,000. Jane Street Group LLC bought a new position in shares of Matthews Korea Active ETF during the second quarter valued at approximately $388,000. OLD Mission Capital LLC raised its holdings in shares of Matthews Korea Active ETF by 2.3% in the fourth quarter. OLD Mission Capital LLC now owns 32,649 shares of the company’s stock worth $1,123,000 after buying an additional 728 shares during the period. Finally, Susquehanna International Group LLP raised its holdings in shares of Matthews Korea Active ETF by 278.3% in the third quarter. Susquehanna International Group LLP now owns 75,199 shares of the company’s stock worth $2,271,000 after buying an additional 55,323 shares during the period.

Matthews Korea Active ETF Company Profile

The Matthews Korea Active ETF (MKOR) is an exchange-traded fund that mostly invests in total market equity. The fund actively manages a portfolio of South Korean, large- and mid-cap companies that are fundamentally screened for sustainable growth. MKOR was launched on Oct 29, 2010 and is issued by Matthews.