Matthews India Active ETF (NYSEARCA:INDE) Short Interest Update

Matthews India Active ETF (NYSEARCA:INDE) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 268 shares, a growth of 43.3% from the December 15th total of 187 shares. Based on an average trading volume of 1,809 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 1,809 shares, the days-to-cover ratio is presently 0.1 days.

Matthews India Active ETF Stock Down 0.7%

Shares of Matthews India Active ETF stock traded down $0.20 during trading on Friday, reaching $29.35. 171 shares of the stock were exchanged, compared to its average volume of 1,761. Matthews India Active ETF has a 1 year low of $25.72 and a 1 year high of $31.44. The firm has a market cap of $8.81 million, a price-to-earnings ratio of 32.13 and a beta of 0.07. The stock’s fifty day moving average is $30.32 and its 200 day moving average is $30.13.

Hedge Funds Weigh In On Matthews India Active ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Susquehanna International Group LLP purchased a new stake in Matthews India Active ETF in the third quarter worth $290,000. Freedom Financial Partners LLC purchased a new position in Matthews India Active ETF during the 2nd quarter valued at $229,000. Finally, Navis Wealth Advisors LLC raised its holdings in Matthews India Active ETF by 65.6% in the 2nd quarter. Navis Wealth Advisors LLC now owns 13,976 shares of the company’s stock worth $422,000 after purchasing an additional 5,536 shares in the last quarter.

About Matthews India Active ETF

The Matthews India Active ETF (INDE) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects Indian companies capable of sustainable growth based on fundamentals. The fund follows an all-cap strategy while implementing a fundamental bottom-up approach. INDE was launched on Sep 22, 2023 and is issued by Matthews.