Matthews Asia Innovators Active ETF (NYSEARCA:MINV – Get Free Report) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 15,919 shares, a growth of 387.4% from the July 30th total of 3,266 shares. Based on an average daily volume of 14,180 shares, the short-interest ratio is presently 1.1 days. Approximately 0.5% of the company’s shares are sold short.
Matthews Asia Innovators Active ETF Stock Performance
Shares of NYSEARCA MINV traded down $0.28 during trading on Friday, reaching $50.11. The stock had a trading volume of 657 shares, compared to its average volume of 15,367. Matthews Asia Innovators Active ETF has a fifty-two week low of $32.86 and a fifty-two week high of $61.03. The business’s 50-day moving average price is $51.18 and its 200-day moving average price is $47.35. The company has a market cap of $165.36 million, a P/E ratio of 20.71 and a beta of 1.13.
Hedge Funds Weigh In On Matthews Asia Innovators Active ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Quantify Chaos Advisors LLC purchased a new stake in Matthews Asia Innovators Active ETF during the fourth quarter worth about $314,000. Sankala Group LLC acquired a new stake in shares of Matthews Asia Innovators Active ETF during the fourth quarter worth about $96,000. Geneos Wealth Management Inc. boosted its stake in shares of Matthews Asia Innovators Active ETF by 1.9% in the first quarter. Geneos Wealth Management Inc. now owns 79,478 shares of the company’s stock valued at $3,023,000 after purchasing an additional 1,450 shares during the period. Triumph Capital Management purchased a new position in shares of Matthews Asia Innovators Active ETF in the second quarter valued at approximately $47,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Matthews Asia Innovators Active ETF in the second quarter valued at approximately $221,000.
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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