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

by · The Markets Daily

Matthews Asia Innovators Active ETF (NYSEARCA:MINV – Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 21,935 shares, a decrease of 63.7% from the September 30th total of 60,487 shares. Based on an average daily trading volume, of 4,627 shares, the short-interest ratio is presently 4.7 days. Currently, 0.6% of the shares of the company are sold short.

Matthews Asia Innovators Active ETF Trading Down 2.2%

Shares of NYSEARCA MINV traded down $0.97 during midday trading on Friday, reaching $42.66. 14,813 shares of the company were exchanged, compared to its average volume of 13,827. The stock has a market cap of $149.31 million, a P/E ratio of 20.71 and a beta of 1.14. Matthews Asia Innovators Active ETF has a 1 year low of $32.86 and a 1 year high of $61.03. The stock has a fifty day simple moving average of $47.56 and a 200 day simple moving average of $46.48.

Institutional Trading of Matthews Asia Innovators Active ETF

Hedge funds have recently added to or reduced their stakes in the stock. Triumph Capital Management acquired a new position in shares of Matthews Asia Innovators Active ETF in the second quarter valued at approximately $47,000. Ameritas Advisory Services LLC purchased a new stake in shares of Matthews Asia Innovators Active ETF during the second quarter worth approximately $221,000. Sowell Financial Services LLC purchased a new stake in shares of Matthews Asia Innovators Active ETF during the third quarter worth approximately $226,000. Farther Finance Advisors LLC raised its stake in shares of Matthews Asia Innovators Active ETF by 69.8% during the third quarter. Farther Finance Advisors LLC now owns 8,418 shares of the company’s stock worth $408,000 after purchasing an additional 3,460 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Matthews Asia Innovators Active ETF by 1.9% during the first quarter. Geneos Wealth Management Inc. now owns 79,478 shares of the company’s stock worth $3,023,000 after purchasing an additional 1,450 shares during the period.

About Matthews Asia Innovators Active ETF

(Get Free Report)

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.

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