Matthews India Active ETF (NYSEARCA:INDE) Sees Large Increase in Short Interest

Matthews India Active ETF (NYSEARCA:INDE) was the target of a large 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. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 1,809 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 1,809 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Matthews India Active ETF Price Performance

Shares of NYSEARCA:INDE opened at $29.35 on Monday. Matthews India Active ETF has a 1-year low of $25.72 and a 1-year high of $31.44. The stock has a market cap of $8.81 million, a P/E ratio of 32.13 and a beta of 0.07. The firm has a fifty day moving average price of $30.32 and a 200 day moving average price of $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 stock. Freedom Financial Partners LLC purchased a new stake in Matthews India Active ETF during the 2nd quarter valued at approximately $229,000. Susquehanna International Group LLP purchased a new stake in shares of Matthews India Active ETF during the third quarter worth approximately $290,000. Finally, Navis Wealth Advisors LLC lifted its holdings in shares of Matthews India Active ETF by 65.6% during the second 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 during the period.

Matthews India Active ETF Company Profile

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.