Matthews China Active ETF (NYSEARCA:MCH – Get Free Report) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 268 shares, a decline of 65.9% from the June 30th total of 787 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 784 shares, the short-interest ratio is presently 0.3 days.
Matthews China Active ETF Price Performance
Shares of NYSEARCA MCH traded up $0.50 on Monday, hitting $27.91. The company’s stock had a trading volume of 1,705 shares, compared to its average volume of 3,603. The stock has a 50 day moving average of $28.67 and a 200-day moving average of $28.46. The company has a market capitalization of $22.33 million, a price-to-earnings ratio of 12.47 and a beta of 0.76. Matthews China Active ETF has a 12-month low of $25.29 and a 12-month high of $30.97.
Institutional Investors Weigh In On Matthews China Active ETF
A number of institutional investors and hedge funds have recently bought and sold shares of MCH. Welch Financial Planning LLC acquired a new position in Matthews China Active ETF during the 4th quarter worth approximately $2,254,000. OLD Mission Capital LLC raised its position in shares of Matthews China Active ETF by 131.9% in the 4th quarter. OLD Mission Capital LLC now owns 89,925 shares of the company’s stock valued at $2,536,000 after purchasing an additional 51,146 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Matthews China Active ETF by 37.8% during the 1st quarter. Jane Street Group LLC now owns 35,284 shares of the company’s stock valued at $859,000 after buying an additional 9,686 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Matthews China Active ETF during the 3rd quarter valued at approximately $265,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Matthews China Active ETF by 69.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,000 shares of the company’s stock worth $487,000 after buying an additional 8,201 shares in the last quarter.
About Matthews China Active ETF
The Matthews China Active ETF (MCH) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to hold stocks of Chinese companies that are fundamentally screened for sustainable growth. The fund also considers ESG factors in the investment process. MCH was launched on Jul 13, 2022 and is managed by Matthews.
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