Matthews Asia Innovators Active ETF (NYSEARCA:MINV) Sees Large Decrease in Short Interest
by Michael Walen · The Markets DailyMatthews Asia Innovators Active ETF (NYSEARCA:MINV – Get Free Report) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 1,073 shares, a decline of 95.1% from the January 15th total of 21,964 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 11,567 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 11,567 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.
Matthews Asia Innovators Active ETF Trading Down 0.2%
MINV stock traded down $0.08 during trading on Thursday, reaching $38.95. The stock had a trading volume of 4,949 shares, compared to its average volume of 10,988. The firm has a fifty day moving average price of $36.88 and a 200 day moving average price of $35.99. The company has a market capitalization of $97.38 million, a P/E ratio of 20.71 and a beta of 0.84. Matthews Asia Innovators Active ETF has a 1-year low of $24.18 and a 1-year high of $39.30.
Institutional Investors Weigh In On Matthews Asia Innovators Active ETF
Institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. bought a new position in shares of Matthews Asia Innovators Active ETF during the second quarter valued at approximately $2,379,000. Harbour Investments Inc. boosted its position in Matthews Asia Innovators Active ETF by 9.0% during the 2nd quarter. Harbour Investments Inc. now owns 5,391 shares of the company’s stock valued at $168,000 after purchasing an additional 445 shares during the period. Altfest L J & Co. Inc. grew its stake in Matthews Asia Innovators Active ETF by 1.1% during 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. Quantify Chaos Advisors LLC bought a new position in Matthews Asia Innovators Active ETF during the 4th quarter worth $314,000. Finally, Advisory Services Network LLC acquired a new stake in Matthews Asia Innovators Active ETF in the third quarter worth $100,000.
Matthews Asia Innovators Active ETF Company Profile
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.