Matthews China Discovery Active ETF (NASDAQ:MCHS) Short Interest Up 2,604.8% in August

Matthews China Discovery Active ETF (NASDAQ:MCHS) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 43,629 shares, an increase of 2,604.8% from the July 30th total of 1,613 shares. Currently, 8.7% of the shares of the company are sold short. Based on an average daily trading volume, of 6,317 shares, the short-interest ratio is currently 6.9 days.

Matthews China Discovery Active ETF Trading Up 1.1%

Shares of NASDAQ:MCHS opened at $42.26 on Wednesday. Matthews China Discovery Active ETF has a twelve month low of $31.36 and a twelve month high of $53.25. The company has a market cap of $21.13 million, a PE ratio of 16.73 and a beta of 0.87. The company’s 50 day moving average is $44.72 and its 200 day moving average is $42.36.

Matthews China Discovery Active ETF Company Profile

The Matthews China Discovery Active ETF (MCHS) is an exchange-traded fund that mostly invests in extended market equity. The fund is actively managed, seeking long-term capital appreciation through investments in small- and mid-cap stocks of Chinese companies with perceived sustainable growth potential. MCHS was launched on Jan 10, 2024 and is issued by Matthews.