Matthews Asia Innovators Active ETF (NYSEARCA:MINV) Shares Shorted: Short Interest Up 166.8% in September

Matthews Asia Innovators Active ETF (NYSEARCA:MINV) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 60,487 shares, a growth of 166.8% from the September 15th total of 22,669 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,515 shares, the days-to-cover ratio is presently 3.9 days.

Hedge Funds Weigh In On Matthews Asia Innovators Active ETF

Several hedge funds and other institutional investors have recently made changes to their positions in MINV. Triumph Capital Management purchased a new position in Matthews Asia Innovators Active ETF in the 2nd quarter valued at $47,000. Geneos Wealth Management Inc. boosted its stake in Matthews Asia Innovators Active ETF by 1.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 79,478 shares of the company’s stock worth $3,023,000 after purchasing an additional 1,450 shares during the last quarter. Sankala Group LLC acquired a new stake in Matthews Asia Innovators Active ETF during the 4th quarter worth $96,000. Farther Finance Advisors LLC boosted its stake in Matthews Asia Innovators Active ETF by 69.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,418 shares of the company’s stock worth $408,000 after purchasing an additional 3,460 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Matthews Asia Innovators Active ETF during the second quarter worth $221,000.

Matthews Asia Innovators Active ETF Price Performance

MINV stock traded down $1.15 during trading on Wednesday, hitting $45.73. The stock had a trading volume of 4,395 shares, compared to its average volume of 14,217. Matthews Asia Innovators Active ETF has a twelve month low of $32.86 and a twelve month high of $61.03. The stock has a market capitalization of $160.06 million, a P/E ratio of 20.71 and a beta of 1.14. The company’s 50-day moving average price is $49.03 and its two-hundred day moving average price is $49.56.

Matthews Asia Innovators Active ETF Company Profile

The Matthews Asia Innovators Active ETF (MINV) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to hold stocks of innovative companies in Asia. Holdings are fundamentally screened for sustainable growth. MINV was launched on Jul 13, 2022 and is managed by Matthews.