Short Interest in Matthews China Discovery Active ETF (NASDAQ:MCHS) Rises By 83.6%

Matthews China Discovery Active ETF (NASDAQ:MCHS – Get Free Report) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 5,876 shares, an increase of 83.6% from the April 15th total of 3,200 shares. Approximately 7.3% of the company’s stock are sold short. Based on an average trading volume of 1,235 shares, the days-to-cover ratio is currently 4.8 days.

Matthews China Discovery Active ETF Stock Performance

Shares of NASDAQ MCHS opened at $45.18 on Monday. The company has a market cap of $3.61 million, a PE ratio of 16.73 and a beta of 0.80. The business has a 50-day simple moving average of $39.82 and a two-hundred day simple moving average of $36.57. Matthews China Discovery Active ETF has a fifty-two week low of $27.50 and a fifty-two week high of $49.42.

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Matthews China Discovery Active ETF Company Profile

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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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