Matthews China Discovery Active ETF (NASDAQ:MCHS – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 14,717 shares, a decrease of 48.0% from the September 30th total of 28,277 shares. Based on an average trading volume of 4,596 shares, the short-interest ratio is currently 3.2 days. Approximately 3.7% of the company’s stock are sold short.
Matthews China Discovery Active ETF Stock Down 2.8%
MCHS traded down $0.97 during trading on Friday, reaching $33.38. The company had a trading volume of 783 shares, compared to its average volume of 6,542. The business has a 50 day simple moving average of $39.06 and a 200-day simple moving average of $40.94. Matthews China Discovery Active ETF has a 52 week low of $31.36 and a 52 week high of $53.25. The stock has a market cap of $13.35 million, a P/E ratio of 16.73 and a beta of 0.90.
About Matthews China Discovery Active ETF
The Matthews China Discovery Active ETF (MCHS) is an exchange-traded fund that mostly invests in extended market equity. The fund is actively managed, seeking long-term capital appreciation through investments in small- and mid-cap stocks of Chinese companies with perceived sustainable growth potential. MCHS was launched on Jan 10, 2024 and is issued by Matthews.
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