Matthews Asia Innovators Active ETF (NYSEARCA:MINV) Sees Significant Growth in Short Interest

Matthews Asia Innovators Active ETF (NYSEARCA:MINV) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 15,919 shares, an increase of 387.4% from the July 30th total of 3,266 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 14,180 shares, the days-to-cover ratio is presently 1.1 days.

Matthews Asia Innovators Active ETF Stock Up 0.1%

NYSEARCA:MINV traded up $0.07 on Wednesday, reaching $49.69. 695 shares of the company’s stock were exchanged, compared to its average volume of 15,458. The firm has a market capitalization of $163.98 million, a price-to-earnings ratio of 20.71 and a beta of 1.13. Matthews Asia Innovators Active ETF has a 52-week low of $32.86 and a 52-week high of $61.03. The business has a fifty day moving average of $51.46 and a 200-day moving average of $47.18.

Institutional Investors Weigh In On Matthews Asia Innovators Active ETF

Several large investors have recently added to or reduced their stakes in the business. OLD Mission Capital LLC acquired a new stake in shares of Matthews Asia Innovators Active ETF in the fourth quarter valued at $936,000. Jane Street Group LLC purchased a new stake in Matthews Asia Innovators Active ETF during the 4th quarter worth about $305,000. Ameritas Advisory Services LLC purchased a new stake in Matthews Asia Innovators Active ETF during the 2nd quarter worth about $221,000. Triumph Capital Management acquired a new stake in Matthews Asia Innovators Active ETF in the 2nd quarter valued at about $47,000. Finally, Geneos Wealth Management Inc. raised its position in Matthews Asia Innovators Active ETF by 1.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 79,478 shares of the company’s stock valued at $3,023,000 after purchasing an additional 1,450 shares in the last quarter.

About Matthews Asia Innovators Active ETF

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.