Short Interest in Matthews China Discovery Active ETF (NASDAQ:MCHS) Drops By 76.9%

Matthews China Discovery Active ETF (NASDAQ:MCHS) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 600 shares, a decline of 76.9% from the February 28th total of 2,600 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average trading volume of 400 shares, the short-interest ratio is presently 1.5 days.

Hedge Funds Weigh In On Matthews China Discovery Active ETF

An institutional investor recently raised its position in Matthews China Discovery Active ETF stock. Susquehanna International Group LLP lifted its position in Matthews China Discovery Active ETF (NASDAQ:MCHS) by 56.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,476 shares of the company’s stock after acquiring an additional 21,780 shares during the period. Susquehanna International Group LLP owned 60.48% of Matthews China Discovery Active ETF worth $1,551,000 as of its most recent SEC filing.

Matthews China Discovery Active ETF Trading Up 0.1 %

Shares of Matthews China Discovery Active ETF stock opened at $28.27 on Thursday. Matthews China Discovery Active ETF has a 12-month low of $22.97 and a 12-month high of $32.98. The company has a market cap of $2.83 million, a P/E ratio of 15.19 and a beta of 0.71. The company’s fifty day simple moving average is $27.41 and its two-hundred day simple moving average is $26.93.

Matthews China Discovery Active ETF Company Profile

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.