Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Sees Significant Decrease in Short Interest

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 361 shares, a decline of 73.7% from the July 15th total of 1,373 shares. Based on an average trading volume of 1,240 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Matthews Emerging Markets Discovery Active ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC grew its holdings in shares of Matthews Emerging Markets Discovery Active ETF by 143.4% in the second quarter. Jane Street Group LLC now owns 40,923 shares of the technology company’s stock worth $1,071,000 after acquiring an additional 24,113 shares during the period. Pathway Financial Advisors LLC increased its position in Matthews Emerging Markets Discovery Active ETF by 2.4% during the second quarter. Pathway Financial Advisors LLC now owns 87,942 shares of the technology company’s stock valued at $2,775,000 after acquiring an additional 2,059 shares during the last quarter. Richardson Capital Management LLC lifted its holdings in Matthews Emerging Markets Discovery Active ETF by 4.2% in the fourth quarter. Richardson Capital Management LLC now owns 135,156 shares of the technology company’s stock valued at $3,444,000 after acquiring an additional 5,421 shares during the period. Finally, Cahill Financial Advisors Inc. boosted its position in Matthews Emerging Markets Discovery Active ETF by 2.2% in the fourth quarter. Cahill Financial Advisors Inc. now owns 188,548 shares of the technology company’s stock worth $4,805,000 after purchasing an additional 4,124 shares during the last quarter. 15.59% of the stock is owned by institutional investors.

Matthews Emerging Markets Discovery Active ETF Stock Performance

Shares of MEMS traded down $0.02 during mid-day trading on Thursday, hitting $31.15. 208 shares of the company traded hands, compared to its average volume of 1,197. The stock has a 50-day moving average price of $30.69 and a two-hundred day moving average price of $29.34. Matthews Emerging Markets Discovery Active ETF has a 1 year low of $24.64 and a 1 year high of $32.56. The stock has a market cap of $21.80 million, a price-to-earnings ratio of -119.81 and a beta of 0.73.

Matthews Emerging Markets Discovery Active ETF Company Profile

MEMSIC, Inc provides advanced semiconductor sensor and system solutions based on integrated micro electro-mechanical systems (MEMS), technology and mixed signal circuit design. The Company operates in two segments: semiconductor sensor products and sensor system solution products. Its semiconductor sensor products, which is based on MEMS technology and advanced, integrated circuit design. Its sensor system solution products, which incorporate sensors with on-board computing, wireless communications and systems and application software solutions.