Matthews India Active ETF (NYSEARCA:INDE – Get Free Report) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 38,408 shares, a drop of 69.6% from the June 30th total of 126,315 shares. Approximately 6.4% of the company’s stock are sold short. Based on an average daily trading volume, of 8,704 shares, the short-interest ratio is presently 4.4 days.
Institutional Investors Weigh In On Matthews India Active ETF
Institutional investors have recently modified their holdings of the stock. Harbour Wealth Management Group Inc. purchased a new position in shares of Matthews India Active ETF during the 4th quarter valued at $648,000. Navis Wealth Advisors LLC raised its holdings in shares of Matthews India Active ETF by 11.6% during the third quarter. Navis Wealth Advisors LLC now owns 15,596 shares of the company’s stock worth $459,000 after acquiring an additional 1,620 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in Matthews India Active ETF during the third quarter valued at $290,000.
Matthews India Active ETF Stock Performance
NYSEARCA:INDE traded up $0.65 during trading hours on Monday, hitting $29.48. 1,232 shares of the company’s stock traded hands, compared to its average volume of 4,959. The stock’s fifty day moving average price is $28.48 and its two-hundred day moving average price is $28.09. The firm has a market cap of $17.69 million, a P/E ratio of 32.13 and a beta of 0.29. Matthews India Active ETF has a twelve month low of $24.98 and a twelve month high of $31.44.
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.
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