Matthews China Discovery Active ETF (NASDAQ:MCHS) Stock Short Interest Declines 48.0%

Matthews China Discovery Active ETF (NASDAQ:MCHS) was the target of a large decline in short interest in 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. Based on an average daily volume of 4,596 shares, the days-to-cover ratio is currently 3.2 days. Currently, 3.7% of the shares of the stock are short sold.

Matthews China Discovery Active ETF Trading Down 2.8%

MCHS stock traded down $0.97 on Friday, hitting $33.38. 783 shares of the company’s stock traded hands, compared to its average volume of 6,542. Matthews China Discovery Active ETF has a 1-year low of $31.36 and a 1-year high of $53.25. The stock has a market cap of $13.35 million, a price-to-earnings ratio of 16.73 and a beta of 0.90. The stock has a fifty day moving average of $39.06 and a 200-day moving average of $40.94.

Matthews China Discovery Active ETF Company Profile

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.