Matthews Asia Dividend Active ETF (NYSEARCA:ADVE) Short Interest Down 65.7% in June

Matthews Asia Dividend Active ETF (NYSEARCA:ADVE) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 1,120 shares, a decrease of 65.7% from the May 31st total of 3,267 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 540 shares, the days-to-cover ratio is presently 2.1 days.

Matthews Asia Dividend Active ETF Stock Performance

Shares of ADVE remained flat at $45.18 during mid-day trading on Monday. The stock had a trading volume of 1,030 shares, compared to its average volume of 1,760. Matthews Asia Dividend Active ETF has a fifty-two week low of $35.49 and a fifty-two week high of $47.82. The firm has a market capitalization of $6.78 million, a PE ratio of 14.51 and a beta of 0.62. The firm’s 50-day moving average price is $46.03 and its 200 day moving average price is $43.33.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Parallel Advisors LLC purchased a new position in shares of Matthews Asia Dividend Active ETF in the 1st quarter valued at $27,000. Geneos Wealth Management Inc. purchased a new position in shares of Matthews Asia Dividend Active ETF during the second quarter worth about $61,000. Kestra Advisory Services LLC acquired a new stake in shares of Matthews Asia Dividend Active ETF during the fourth quarter worth about $216,000. Finally, Jane Street Group LLC increased its position in shares of Matthews Asia Dividend Active ETF by 84.3% during the fourth quarter. Jane Street Group LLC now owns 17,470 shares of the company’s stock worth $684,000 after purchasing an additional 7,991 shares in the last quarter.

Matthews Asia Dividend Active ETF Company Profile

The Matthews Asia Dividend Active ETF (ADVE) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed portfolio of dividend-paying companies located in Asia. The fund seeks to provide total return with a level of current income higher than average Asian equities. ADVE was launched on Sep 22, 2023 and is issued by Matthews.