Matthews Asia Innovators Active ETF (NYSEARCA:MINV – Get Free Report) was the recipient of a significant 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 short sold. Based on an average daily volume of 14,081 shares, the days-to-cover ratio is presently 2.3 days.
Matthews Asia Innovators Active ETF Price Performance
Shares of MINV stock traded down $2.50 during trading hours on Monday, reaching $50.71. The company had a trading volume of 5,768 shares, compared to its average volume of 16,855. The company has a market cap of $167.34 million, a price-to-earnings ratio of 20.71 and a beta of 1.10. Matthews Asia Innovators Active ETF has a 12 month low of $31.00 and a 12 month high of $61.03. The business has a fifty day simple moving average of $53.87 and a 200-day simple moving average of $44.58.
Institutional Investors Weigh In On Matthews Asia Innovators Active ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new position in Matthews Asia Innovators Active ETF during the 3rd quarter valued at $100,000. Geneos Wealth Management Inc. raised its holdings in shares of Matthews Asia Innovators Active ETF by 2.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 78,028 shares of the company’s stock valued at $2,755,000 after purchasing an additional 1,817 shares during the last quarter. Quantify Chaos Advisors LLC purchased a new stake in shares of Matthews Asia Innovators Active ETF in the fourth quarter valued at about $314,000. Jane Street Group LLC purchased a new stake in shares of Matthews Asia Innovators Active ETF in the fourth quarter valued at about $305,000. Finally, OLD Mission Capital LLC bought a new position in shares of Matthews Asia Innovators Active ETF during the fourth quarter valued at about $936,000.
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.
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