Matthews Asia Innovators Active ETF (NYSEARCA:MINV – Get Free Report) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 21,935 shares, a decline of 63.7% from the September 30th total of 60,487 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average trading volume of 4,627 shares, the short-interest ratio is currently 4.7 days.
Matthews Asia Innovators Active ETF Stock Down 1.4%
Shares of NYSEARCA:MINV traded down $0.63 during midday trading on Thursday, reaching $43.65. The company’s stock had a trading volume of 3,001 shares, compared to its average volume of 13,822. The firm has a market cap of $152.78 million, a price-to-earnings ratio of 20.71 and a beta of 1.14. The business has a 50 day moving average price of $47.84 and a 200 day moving average price of $46.43. Matthews Asia Innovators Active ETF has a 1 year low of $32.86 and a 1 year high of $61.03.
Institutional Investors Weigh In On Matthews Asia Innovators Active ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new position in shares of Matthews Asia Innovators Active ETF in the 2nd quarter valued at about $47,000. Ameritas Advisory Services LLC purchased a new stake in Matthews Asia Innovators Active ETF during the second quarter worth approximately $221,000. Sowell Financial Services LLC acquired a new stake in shares of Matthews Asia Innovators Active ETF in the third quarter worth $226,000. Farther Finance Advisors LLC lifted its holdings in shares of Matthews Asia Innovators Active ETF by 69.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,418 shares of the company’s stock valued at $408,000 after acquiring an additional 3,460 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Matthews Asia Innovators Active ETF by 1.9% during the first quarter. Geneos Wealth Management Inc. now owns 79,478 shares of the company’s stock worth $3,023,000 after purchasing an additional 1,450 shares in the last quarter.
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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