Matthews Asia Innovators Active ETF (NYSEARCA:MINV) Sees Significant Increase in Short Interest

Matthews Asia Innovators Active ETF (NYSEARCA:MINVGet Free Report) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 24,898 shares, a growth of 95.2% from the April 30th total of 12,752 shares. Based on an average daily trading volume, of 19,811 shares, the short-interest ratio is presently 1.3 days. Approximately 0.8% of the company’s shares are short sold.

Matthews Asia Innovators Active ETF Price Performance

Shares of NYSEARCA MINV opened at $57.11 on Tuesday. The company’s 50 day simple moving average is $46.25 and its 200 day simple moving average is $40.49. The firm has a market capitalization of $177.04 million, a P/E ratio of 20.71 and a beta of 1.05. Matthews Asia Innovators Active ETF has a fifty-two week low of $29.17 and a fifty-two week high of $57.38.

Institutional Investors Weigh In On Matthews Asia Innovators Active ETF

Several hedge funds have recently bought and sold shares of MINV. OLD Mission Capital LLC acquired a new stake in Matthews Asia Innovators Active ETF in the fourth quarter worth $936,000. Quantify Chaos Advisors LLC bought a new stake in shares of Matthews Asia Innovators Active ETF during the fourth quarter worth $314,000. Jane Street Group LLC bought a new stake in shares of Matthews Asia Innovators Active ETF during the fourth quarter worth $305,000. Sankala Group LLC bought a new stake in shares of Matthews Asia Innovators Active ETF during the fourth quarter worth $96,000. Finally, Advisory Services Network LLC bought a new stake in shares of Matthews Asia Innovators Active ETF during the third quarter worth $100,000.

Matthews Asia Innovators Active ETF Company Profile

(Get Free Report)

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.

Further Reading

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