Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) Stock Short Interest Declines 53.5%

Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 3,923 shares, a drop of 53.5% from the August 31st total of 8,428 shares. Based on an average trading volume of 1,637 shares, the short-interest ratio is currently 2.4 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Investors Weigh In On Matthews Emerging Markets Equity Active ETF

A number of hedge funds have recently added to or reduced their stakes in MEM. JGP Wealth Management LLC lifted its stake in Matthews Emerging Markets Equity Active ETF by 1.3% in the second quarter. JGP Wealth Management LLC now owns 166,857 shares of the company’s stock valued at $7,552,000 after buying an additional 2,167 shares during the period. Dynasty Wealth Management LLC grew its position in shares of Matthews Emerging Markets Equity Active ETF by 0.3% during the 4th quarter. Dynasty Wealth Management LLC now owns 207,058 shares of the company’s stock worth $7,414,000 after buying an additional 684 shares during the period. Greenwich Wealth Management LLC grew its position in shares of Matthews Emerging Markets Equity Active ETF by 15.5% during the 4th quarter. Greenwich Wealth Management LLC now owns 123,929 shares of the company’s stock worth $4,438,000 after buying an additional 16,636 shares during the period. Palladiem LLC bought a new stake in shares of Matthews Emerging Markets Equity Active ETF in the 4th quarter valued at $3,106,000. Finally, IFC Advisors LLC increased its stake in shares of Matthews Emerging Markets Equity Active ETF by 141.2% in the 1st quarter. IFC Advisors LLC now owns 48,962 shares of the company’s stock valued at $1,819,000 after acquiring an additional 28,660 shares in the last quarter.

Matthews Emerging Markets Equity Active ETF Stock Performance

Shares of NYSEARCA:MEM traded down $0.73 during midday trading on Monday, reaching $43.95. The company’s stock had a trading volume of 744 shares, compared to its average volume of 4,000. The firm has a market capitalization of $52.74 million, a price-to-earnings ratio of 15.50 and a beta of 0.93. The firm has a 50 day moving average price of $43.75 and a two-hundred day moving average price of $42.69. Matthews Emerging Markets Equity Active ETF has a fifty-two week low of $34.38 and a fifty-two week high of $47.53.

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.