Matthews Asia Innovators Active ETF (NYSEARCA:MINV) Short Interest Down 81.2% in March
by Renee Jackson · The Cerbat GemMatthews Asia Innovators Active ETF (NYSEARCA:MINV – Get Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 9,032 shares, a decrease of 81.2% from the March 15th total of 48,043 shares. Based on an average trading volume of 7,768 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.3% of the company’s stock are sold short.
Matthews Asia Innovators Active ETF Trading Up 1.2%
NYSEARCA MINV traded up $0.51 during trading hours on Friday, reaching $42.03. 4,164 shares of the company traded hands, compared to its average volume of 17,282. Matthews Asia Innovators Active ETF has a 12 month low of $25.49 and a 12 month high of $42.10. The stock has a market capitalization of $130.29 million, a PE ratio of 20.71 and a beta of 0.85. The company has a 50 day moving average of $39.15 and a two-hundred day moving average of $37.46.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Geneos Wealth Management Inc. bought a new position in shares of Matthews Asia Innovators Active ETF in the 2nd quarter worth about $2,379,000. Altfest L J & Co. Inc. lifted its position in shares of Matthews Asia Innovators Active ETF by 1.1% in the 3rd quarter. Altfest L J & Co. Inc. now owns 964,747 shares of the company’s stock worth $35,814,000 after buying an additional 10,222 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Matthews Asia Innovators Active ETF in the 3rd quarter worth about $100,000. OLD Mission Capital LLC bought a new position in shares of Matthews Asia Innovators Active ETF in the 4th quarter worth about $936,000. Finally, Jane Street Group LLC bought a new position in shares of Matthews Asia Innovators Active ETF in the 4th quarter worth about $305,000.
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.