Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Sees Large Growth in Short Interest

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,148 shares, an increase of 174.0% from the June 15th total of 419 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 1,012 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On Matthews Emerging Markets Discovery Active ETF

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

Matthews Emerging Markets Discovery Active ETF Trading Down 0.1%

MEMS traded down $0.04 on Wednesday, hitting $30.60. The company had a trading volume of 142 shares, compared to its average volume of 1,151. The firm has a market cap of $21.42 million, a P/E ratio of -117.69 and a beta of 0.69. Matthews Emerging Markets Discovery Active ETF has a 1 year low of $24.64 and a 1 year high of $32.56. The company’s fifty day moving average price is $31.26 and its 200 day moving average price is $28.77.

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.