Matthews China Active ETF (NYSEARCA:MCH – Get Free Report) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 268 shares, a decline of 65.9% from the June 30th total of 787 shares. Based on an average daily volume of 784 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are short sold.
Matthews China Active ETF Price Performance
Shares of MCH stock traded up $0.50 during trading hours on Monday, reaching $27.91. 1,705 shares of the company’s stock were exchanged, compared to its average volume of 3,603. The company has a market cap of $22.33 million, a P/E ratio of 12.47 and a beta of 0.76. The company’s 50 day moving average is $28.67 and its two-hundred day moving average is $28.46. Matthews China Active ETF has a 1 year low of $25.29 and a 1 year high of $30.97.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Welch Financial Planning LLC acquired a new stake in Matthews China Active ETF in the fourth quarter valued at $2,254,000. Merkkuri Wealth Advisors LLC grew its stake in shares of Matthews China Active ETF by 1.3% during the 1st quarter. Merkkuri Wealth Advisors LLC now owns 71,289 shares of the company’s stock worth $1,877,000 after purchasing an additional 900 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of Matthews China Active ETF during the 3rd quarter worth $265,000. Jane Street Group LLC grew its stake in shares of Matthews China Active ETF by 37.8% during the 1st quarter. Jane Street Group LLC now owns 35,284 shares of the company’s stock worth $859,000 after purchasing an additional 9,686 shares during the period. Finally, OLD Mission Capital LLC increased its holdings in shares of Matthews China Active ETF by 131.9% in the 4th quarter. OLD Mission Capital LLC now owns 89,925 shares of the company’s stock valued at $2,536,000 after purchasing an additional 51,146 shares in the last quarter.
About Matthews China Active ETF
The Matthews China Active ETF (MCH) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to hold stocks of Chinese companies that are fundamentally screened for sustainable growth. The fund also considers ESG factors in the investment process. MCH was launched on Jul 13, 2022 and is managed by Matthews.
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