Matthews Asia Innovators Active ETF (NYSEARCA:MINV) Short Interest Update
by Michael Walen · The Markets DailyMatthews Asia Innovators Active ETF (NYSEARCA:MINV – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 32,825 shares, an increase of 281.0% from the June 15th total of 8,616 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 14,081 shares, the short-interest ratio is currently 2.3 days.
Institutional Trading of Matthews Asia Innovators Active ETF
A number of institutional investors and hedge funds have recently modified their holdings of MINV. Sankala Group LLC purchased a new position in Matthews Asia Innovators Active ETF in the fourth quarter worth $96,000. Advisory Services Network LLC bought a new position in Matthews Asia Innovators Active ETF in the 3rd quarter valued at $100,000. Jane Street Group LLC bought a new position in Matthews Asia Innovators Active ETF in the 4th quarter valued at $305,000. Quantify Chaos Advisors LLC purchased a new stake in shares of Matthews Asia Innovators Active ETF during the 4th quarter valued at $314,000. Finally, OLD Mission Capital LLC purchased a new stake in shares of Matthews Asia Innovators Active ETF during the 4th quarter valued at $936,000.
Matthews Asia Innovators Active ETF Stock Performance
Shares of Matthews Asia Innovators Active ETF stock traded down $2.50 during mid-day trading on Monday, hitting $50.71. 5,768 shares of the stock were exchanged, compared to its average volume of 16,855. Matthews Asia Innovators Active ETF has a 12 month low of $31.00 and a 12 month high of $61.03. The company has a 50-day simple moving average of $53.87 and a 200 day simple moving average of $44.58. The company has a market capitalization of $167.34 million, a P/E ratio of 20.71 and a beta of 1.10.
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.