Matthews India Active ETF (NYSEARCA:INDE) Sees Significant Growth in Short Interest

Matthews India Active ETF (NYSEARCA:INDEGet Free Report) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 126,315 shares, a growth of 443.7% from the June 15th total of 23,234 shares. Based on an average daily trading volume, of 12,915 shares, the days-to-cover ratio is presently 9.8 days. Approximately 21.1% of the shares of the company are short sold.

Matthews India Active ETF Trading Down 1.4%

INDE traded down $0.40 during midday trading on Monday, hitting $29.21. 57,401 shares of the company traded hands, compared to its average volume of 5,166. Matthews India Active ETF has a 52-week low of $24.98 and a 52-week high of $31.44. The company has a market capitalization of $17.53 million, a price-to-earnings ratio of 32.13 and a beta of 0.29. The business has a 50 day simple moving average of $28.05 and a two-hundred day simple moving average of $28.15.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP purchased a new stake in Matthews India Active ETF in the 3rd quarter valued at approximately $290,000. Navis Wealth Advisors LLC boosted its position in Matthews India Active ETF by 11.6% in the 3rd quarter. Navis Wealth Advisors LLC now owns 15,596 shares of the company’s stock valued at $459,000 after buying an additional 1,620 shares during the last quarter. Finally, Harbour Wealth Management Group Inc. acquired a new position in Matthews India Active ETF in the fourth quarter worth about $648,000.

Matthews India Active ETF Company Profile

(Get Free Report)

The Matthews India Active ETF (INDE) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects Indian companies capable of sustainable growth based on fundamentals. The fund follows an all-cap strategy while implementing a fundamental bottom-up approach. INDE was launched on Sep 22, 2023 and is issued by Matthews.

Further Reading

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