Matthews China Discovery Active ETF (NASDAQ:MCHS) Short Interest Down 17.6% in August

Matthews China Discovery Active ETF (NASDAQ:MCHS) was the target of a large drop in short interest in August. As of August 15th, there was short interest totalling 1,400 shares, a drop of 17.6% from the July 31st total of 1,700 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 2.0 days.

Matthews China Discovery Active ETF Trading Up 1.2 %

Shares of Matthews China Discovery Active ETF stock opened at $23.76 on Friday. The stock has a market capitalization of $3.80 million, a price-to-earnings ratio of 16.12 and a beta of 0.71. The firm’s 50-day moving average price is $24.38 and its two-hundred day moving average price is $25.63. Matthews China Discovery Active ETF has a 1-year low of $22.50 and a 1-year high of $28.31.

About Matthews China Discovery Active ETF

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.