Matthews China Active ETF (NYSEARCA:MCH) Short Interest Up 510.1% in June
by Tristan Rich · The Markets DailyMatthews China Active ETF (NYSEARCA:MCH – Get Free Report) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 787 shares, an increase of 510.1% from the June 15th total of 129 shares. Based on an average daily trading volume, of 5,977 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold.
Matthews China Active ETF Stock Performance
Shares of NYSEARCA MCH traded down $0.47 during midday trading on Friday, reaching $28.28. 1,053 shares of the stock were exchanged, compared to its average volume of 3,703. The company has a 50 day simple moving average of $28.93 and a 200 day simple moving average of $28.52. The stock has a market capitalization of $22.62 million, a P/E ratio of 12.47 and a beta of 0.76. Matthews China Active ETF has a twelve month low of $24.67 and a twelve month high of $30.97.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in MCH. Merkkuri Wealth Advisors LLC raised its position in Matthews China Active ETF by 1.3% in the first quarter. Merkkuri Wealth Advisors LLC now owns 71,289 shares of the company’s stock valued at $1,877,000 after purchasing an additional 900 shares during the period. OLD Mission Capital LLC lifted its stake 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 during the last quarter. Kestra Advisory Services LLC grew its holdings in shares of Matthews China Active ETF by 13.8% during the 4th quarter. Kestra Advisory Services LLC now owns 16,679 shares of the company’s stock worth $470,000 after purchasing an additional 2,028 shares during the period. Welch Financial Planning LLC purchased a new position in shares of Matthews China Active ETF during the 4th quarter worth $2,254,000. Finally, Summit Place Financial Advisors LLC increased its position in shares of Matthews China Active ETF by 1.9% during the 4th quarter. Summit Place Financial Advisors LLC now owns 62,920 shares of the company’s stock worth $1,775,000 after purchasing an additional 1,150 shares during 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.