Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Short Interest Update

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 200 shares, a decline of 44.6% from the July 30th total of 361 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,698 shares, the short-interest ratio is presently 0.1 days.

Matthews Emerging Markets Discovery Active ETF Stock Down 0.2%

Shares of MEMS traded down $0.05 during mid-day trading on Tuesday, hitting $30.65. 724 shares of the company’s stock were exchanged, compared to its average volume of 1,235. Matthews Emerging Markets Discovery Active ETF has a 52 week low of $24.64 and a 52 week high of $32.56. The stock’s 50-day simple moving average is $30.54 and its 200-day simple moving average is $29.68. The firm has a market cap of $21.45 million, a price-to-earnings ratio of -117.88 and a beta of 0.73.

Hedge Funds Weigh In On Matthews Emerging Markets Discovery Active ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MEMS. Jane Street Group LLC grew its holdings in shares of Matthews Emerging Markets Discovery Active ETF by 143.4% during the 2nd quarter. Jane Street Group LLC now owns 40,923 shares of the technology company’s stock worth $1,071,000 after purchasing an additional 24,113 shares in the last quarter. Cahill Financial Advisors Inc. raised its stake 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 valued at $4,805,000 after purchasing an additional 4,124 shares in the last quarter. Finally, Pathway Financial Advisors LLC lifted 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 worth $2,775,000 after purchasing an additional 2,059 shares during the period. 15.59% of the stock is owned by institutional investors and hedge funds.

About Matthews Emerging Markets Discovery Active ETF

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.