Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) Sees Significant Increase in Short Interest

Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 24,775 shares, a growth of 71.3% from the November 30th total of 14,464 shares. Currently, 2.3% of the company’s shares are short sold. Based on an average trading volume of 3,101 shares, the short-interest ratio is presently 8.0 days. Based on an average trading volume of 3,101 shares, the short-interest ratio is presently 8.0 days. Currently, 2.3% of the company’s shares are short sold.

Matthews Emerging Markets Equity Active ETF Trading Up 0.6%

NYSEARCA MEM traded up $0.20 during trading hours on Friday, reaching $35.88. The company had a trading volume of 2,319 shares, compared to its average volume of 9,209. The stock has a market capitalization of $39.47 million, a P/E ratio of 15.50 and a beta of 0.81. The stock has a 50-day moving average of $36.52 and a 200 day moving average of $34.82. Matthews Emerging Markets Equity Active ETF has a 1-year low of $26.07 and a 1-year high of $38.07.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MEM. Vestmark Advisory Solutions Inc. purchased a new stake in Matthews Emerging Markets Equity Active ETF during the 2nd quarter worth approximately $2,525,000. Greenwich Wealth Management LLC boosted its position in Matthews Emerging Markets Equity Active ETF by 12.1% in the 2nd quarter. Greenwich Wealth Management LLC now owns 79,084 shares of the company’s stock valued at $2,570,000 after buying an additional 8,537 shares during the period. JGP Wealth Management LLC boosted its position in Matthews Emerging Markets Equity Active ETF by 0.3% in the 2nd quarter. JGP Wealth Management LLC now owns 151,807 shares of the company’s stock valued at $4,934,000 after buying an additional 514 shares during the period. Dynasty Wealth Management LLC acquired a new position in shares of Matthews Emerging Markets Equity Active ETF in the third quarter worth $7,480,000. Finally, IFC Advisors LLC purchased a new stake in shares of Matthews Emerging Markets Equity Active ETF during the third quarter worth $238,000.

Matthews Emerging Markets Equity Active ETF Company Profile

The Matthews Emerging Markets Equity Active ETF (MEM) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in emerging market companies with perceived sustainable growth potential. MEM was launched on Jul 13, 2022 and is managed by Matthews.