Matthews Asia Innovators Active ETF (NYSEARCA:MINV) Short Interest Update

Matthews Asia Innovators Active ETF (NYSEARCA:MINV) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 8,616 shares, a drop of 73.5% from the May 31st total of 32,550 shares. Based on an average trading volume of 14,712 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s shares are sold short.

Matthews Asia Innovators Active ETF Price Performance

Matthews Asia Innovators Active ETF stock traded up $0.62 during mid-day trading on Monday, reaching $56.05. 8,226 shares of the company traded hands, compared to its average volume of 17,186. The firm’s 50 day moving average price is $52.12 and its 200 day moving average price is $43.12. The firm has a market capitalization of $173.75 million, a price-to-earnings ratio of 20.71 and a beta of 1.11. Matthews Asia Innovators Active ETF has a 52-week low of $30.85 and a 52-week high of $61.03.

Institutional Investors Weigh In On Matthews Asia Innovators Active ETF

Large investors have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new position in shares of Matthews Asia Innovators Active ETF during the third quarter valued at about $100,000. Sankala Group LLC purchased a new stake in Matthews Asia Innovators Active ETF in the fourth quarter worth about $96,000. Jane Street Group LLC bought a new stake in Matthews Asia Innovators Active ETF during the 4th quarter valued at approximately $305,000. Quantify Chaos Advisors LLC bought a new stake in Matthews Asia Innovators Active ETF during the 4th quarter valued at approximately $314,000. Finally, OLD Mission Capital LLC purchased a new position in shares of Matthews Asia Innovators Active ETF during the 4th quarter worth approximately $936,000.

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.