Short Interest in Matthews India Active ETF (NYSEARCA:INDE) Increases By 32,614.0%

Matthews India Active ETF (NYSEARCA:INDE) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 32,714 shares, an increase of 32,614.0% from the January 29th total of 100 shares. Based on an average trading volume of 23,738 shares, the days-to-cover ratio is presently 1.4 days. Currently, 10.9% of the company’s shares are sold short. Currently, 10.9% of the company’s shares are sold short. Based on an average trading volume of 23,738 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Investors Weigh In On Matthews India Active ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Freedom Financial Partners LLC acquired a new position in shares of Matthews India Active ETF in the 2nd quarter valued at about $229,000. Susquehanna International Group LLP acquired a new stake in Matthews India Active ETF during the 3rd quarter worth approximately $290,000. Navis Wealth Advisors LLC raised its holdings in Matthews India Active ETF by 65.6% in the second quarter. Navis Wealth Advisors LLC now owns 13,976 shares of the company’s stock valued at $422,000 after buying an additional 5,536 shares during the period. Finally, Harbour Wealth Management Group Inc. acquired a new position in Matthews India Active ETF during the fourth quarter valued at approximately $648,000.

Matthews India Active ETF Price Performance

INDE stock traded down $0.01 during midday trading on Wednesday, hitting $29.09. The stock had a trading volume of 339 shares, compared to its average volume of 7,579. The company’s 50-day moving average price is $29.42 and its 200 day moving average price is $30.00. The firm has a market cap of $8.73 million, a PE ratio of 32.13 and a beta of 0.07. Matthews India Active ETF has a 12-month low of $25.72 and a 12-month high of $31.44.

About Matthews India Active ETF

The Matthews India Active ETF (INDE) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects Indian companies capable of sustainable growth based on fundamentals. The fund follows an all-cap strategy while implementing a fundamental bottom-up approach. INDE was launched on Sep 22, 2023 and is issued by Matthews.