Matthews Asia Innovators Active ETF (NYSEARCA:MINV) Sees Large Growth in Short Interest

Matthews Asia Innovators Active ETF (NYSEARCA:MINV) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 48,043 shares, a growth of 1,465.4% from the February 26th total of 3,069 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average daily trading volume, of 15,985 shares, the days-to-cover ratio is presently 3.0 days. Based on an average daily trading volume, of 15,985 shares, the days-to-cover ratio is presently 3.0 days. Approximately 1.9% of the company’s stock are short sold.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. purchased a new position in Matthews Asia Innovators Active ETF during the second quarter worth about $2,379,000. OLD Mission Capital LLC purchased a new stake in Matthews Asia Innovators Active ETF in the 4th quarter valued at about $936,000. Jane Street Group LLC purchased a new stake in Matthews Asia Innovators Active ETF in the 4th quarter valued at about $305,000. Advisory Services Network LLC bought a new position in shares of Matthews Asia Innovators Active ETF during the 3rd quarter worth approximately $100,000. Finally, Sankala Group LLC purchased a new position in shares of Matthews Asia Innovators Active ETF in the 4th quarter worth approximately $96,000.

Matthews Asia Innovators Active ETF Trading Down 2.5%

Shares of NYSEARCA:MINV opened at $38.17 on Wednesday. The stock has a market cap of $95.43 million, a PE ratio of 20.71 and a beta of 0.84. The stock’s fifty day simple moving average is $38.91 and its two-hundred day simple moving average is $37.23. Matthews Asia Innovators Active ETF has a 1-year low of $24.18 and a 1-year high of $41.93.

About Matthews Asia Innovators Active ETF

The Matthews Asia Innovators Active ETF (MINV) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to hold stocks of innovative companies in Asia. Holdings are fundamentally screened for sustainable growth. MINV was launched on Jul 13, 2022 and is managed by Matthews.