Matthews India Active ETF (NYSEARCA:INDE) Short Interest Update

Matthews India Active ETF (NYSEARCA:INDE) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 27,380 shares, a drop of 16.4% from the March 15th total of 32,761 shares. Approximately 6.0% of the company’s stock are short sold. Based on an average daily volume of 5,075 shares, the short-interest ratio is currently 5.4 days.

Matthews India Active ETF Stock Up 1.8%

Shares of INDE traded up $0.49 during mid-day trading on Friday, reaching $28.48. 1,323 shares of the stock traded hands, compared to its average volume of 5,626. The firm has a market cap of $13.10 million, a price-to-earnings ratio of 32.13 and a beta of 0.28. The stock has a fifty day simple moving average of $27.53 and a 200 day simple moving average of $29.23. Matthews India Active ETF has a 12-month low of $24.98 and a 12-month high of $31.44.

Institutional Trading of Matthews India Active ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in INDE. Harbour Wealth Management Group Inc. bought a new stake in shares of Matthews India Active ETF in the fourth quarter worth $648,000. Susquehanna International Group LLP bought a new stake in shares of Matthews India Active ETF in the third quarter worth $290,000. Finally, Navis Wealth Advisors LLC increased its stake in shares of Matthews India Active ETF by 11.6% in the third quarter. Navis Wealth Advisors LLC now owns 15,596 shares of the company’s stock worth $459,000 after buying an additional 1,620 shares during the last quarter.

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.