Matthews Japan Active ETF (NYSEARCA:JPAN) Sees Significant Drop in Short Interest

Matthews Japan Active ETF (NYSEARCA:JPAN) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 2,659 shares, a drop of 80.0% from the June 15th total of 13,319 shares. Based on an average daily volume of 1,676 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Matthews Japan Active ETF

An institutional investor recently bought a new position in Matthews Japan Active ETF stock. Advisory Services Network LLC bought a new stake in Matthews Japan Active ETF (NYSEARCA:JPAN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,821 shares of the company’s stock, valued at approximately $102,000. Advisory Services Network LLC owned approximately 1.76% of Matthews Japan Active ETF at the end of the most recent reporting period.

Matthews Japan Active ETF Stock Performance

Shares of JPAN traded down $0.74 during mid-day trading on Monday, hitting $42.05. 465 shares of the company were exchanged, compared to its average volume of 1,746. Matthews Japan Active ETF has a 1-year low of $32.82 and a 1-year high of $43.84. The company has a 50 day moving average of $41.77 and a 200-day moving average of $39.38. The stock has a market cap of $8.41 million, a price-to-earnings ratio of 17.96 and a beta of 0.80.

Matthews Japan Active ETF Company Profile

The Matthews Japan Active ETF (JPAN) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects Japanese companies capable of sustainable growth based on fundamentals while considering ESG. The fund follows an all-cap approach while implementing a high-conviction growth strategy. JPAN was launched on Sep 22, 2023 and is issued by Matthews.