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

Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 7,529 shares, an increase of 107.2% from the July 15th total of 3,634 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 1,990 shares, the days-to-cover ratio is currently 3.8 days.

Matthews Emerging Markets Equity Active ETF Stock Up 0.1%

Shares of MEM stock traded up $0.05 on Friday, reaching $44.30. The company’s stock had a trading volume of 1,247 shares, compared to its average volume of 4,410. The company has a market capitalization of $53.16 million, a P/E ratio of 15.50 and a beta of 0.92. Matthews Emerging Markets Equity Active ETF has a 12-month low of $33.02 and a 12-month high of $47.53. The stock’s 50 day simple moving average is $43.81 and its 200-day simple moving average is $41.77.

Institutional Trading of Matthews Emerging Markets Equity Active ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC grew its holdings in shares of Matthews Emerging Markets Equity Active ETF by 15.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,989 shares of the company’s stock worth $71,000 after purchasing an additional 261 shares in the last quarter. Welch Financial Planning LLC purchased a new stake in Matthews Emerging Markets Equity Active ETF in the fourth quarter valued at approximately $258,000. Raymond James Financial Inc. bought a new stake in Matthews Emerging Markets Equity Active ETF during the third quarter valued at approximately $302,000. OLD Mission Capital LLC lifted its position in Matthews Emerging Markets Equity Active ETF by 148.6% during the fourth quarter. OLD Mission Capital LLC now owns 14,100 shares of the company’s stock valued at $505,000 after purchasing an additional 8,428 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in Matthews Emerging Markets Equity Active ETF by 229.1% in the 2nd quarter. Osaic Holdings Inc. now owns 16,181 shares of the company’s stock worth $526,000 after buying an additional 11,265 shares in the last quarter.

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.