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

Matthews India Active ETF (NYSEARCA:INDE) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 32,714 shares, a growth of 32,614.0% from the January 29th total of 100 shares. Based on an average trading volume of 23,738 shares, the days-to-cover ratio is presently 1.4 days. Currently, 10.9% of the company’s shares are short sold. Currently, 10.9% of the company’s shares are short sold. Based on an average trading volume of 23,738 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Investors Weigh In On Matthews India Active ETF

Institutional investors have recently made changes to their positions in the stock. Harbour Wealth Management Group Inc. bought a new position in shares of Matthews India Active ETF during the fourth quarter worth about $648,000. Navis Wealth Advisors LLC increased its position in Matthews India Active ETF by 11.6% during the 3rd quarter. Navis Wealth Advisors LLC now owns 15,596 shares of the company’s stock valued at $459,000 after purchasing an additional 1,620 shares during the period. Susquehanna International Group LLP bought a new position in Matthews India Active ETF during the 3rd quarter worth approximately $290,000. Finally, Freedom Financial Partners LLC bought a new position in Matthews India Active ETF during the 2nd quarter worth approximately $229,000.

Matthews India Active ETF Stock Performance

INDE stock opened at $29.09 on Thursday. The company has a fifty day moving average price of $29.42 and a 200-day moving average price of $29.99. The company has a market capitalization of $8.73 million, a P/E ratio of 32.13 and a beta of 0.07. Matthews India Active ETF has a 52-week low of $25.72 and a 52-week high of $31.44.

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.