Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) Sees Large Growth in Short Interest

Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 4,640 shares, a growth of 83.2% from the July 15th total of 2,533 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 2,984 shares, the days-to-cover ratio is presently 1.6 days.

Matthews Emerging Markets ex China Active ETF Stock Performance

Shares of MEMX stock traded down $0.07 on Friday, reaching $48.07. The stock had a trading volume of 1,684 shares, compared to its average volume of 4,220. Matthews Emerging Markets ex China Active ETF has a 1 year low of $32.64 and a 1 year high of $51.52. The stock has a market cap of $52.88 million, a P/E ratio of 16.84 and a beta of 0.94. The company has a 50 day simple moving average of $47.37 and a 200 day simple moving average of $44.87.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MEMX. International Assets Investment Management LLC bought a new stake in shares of Matthews Emerging Markets ex China Active ETF during the 4th quarter valued at about $85,000. Osaic Holdings Inc. bought a new position in shares of Matthews Emerging Markets ex China Active ETF in the 2nd quarter worth approximately $150,000. LPL Financial LLC bought a new position in shares of Matthews Emerging Markets ex China Active ETF in the 4th quarter worth approximately $397,000. Rockefeller Capital Management L.P. boosted its holdings in shares of Matthews Emerging Markets ex China Active ETF by 89.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 14,339 shares of the company’s stock worth $537,000 after buying an additional 6,769 shares during the last quarter. Finally, OLD Mission Capital LLC boosted its holdings in shares of Matthews Emerging Markets ex China Active ETF by 19.4% in the fourth quarter. OLD Mission Capital LLC now owns 36,074 shares of the company’s stock worth $1,350,000 after buying an additional 5,873 shares during the last quarter.

Matthews Emerging Markets ex China Active ETF Company Profile

The Matthews Emerging Markets Ex China Active ETF (MEMX) is an exchange-traded fund that is based on the MSCI Emerging Markets ex China index. The fund is an actively managed fund that invests in companies from emerging markets, excluding China, considered to have sustainable growth potential. MEMX was launched on Jan 11, 2023 and is managed by Matthews.