Matthews China Discovery Active ETF (NASDAQ:MCHS) Sees Significant Decline in Short Interest

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

Matthews China Discovery Active ETF Price Performance

MCHS opened at $28.72 on Friday. The firm’s fifty day moving average price is $27.57 and its two-hundred day moving average price is $26.98. The company has a market capitalization of $2.87 million, a price-to-earnings ratio of 15.19 and a beta of 0.71. Matthews China Discovery Active ETF has a 1 year low of $22.97 and a 1 year high of $32.98.

Institutional Investors Weigh In On Matthews China Discovery Active ETF

A hedge fund recently bought a new stake in Matthews China Discovery Active ETF stock. Jane Street Group LLC bought a new stake in Matthews China Discovery Active ETF (NASDAQ:MCHS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 83,157 shares of the company’s stock, valued at approximately $2,368,000. Jane Street Group LLC owned approximately 83.16% of Matthews China Discovery Active ETF as of its most recent SEC filing.

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.