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

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

Matthews Emerging Markets Equity Active ETF Stock Performance

Shares of MEM traded down $0.47 during midday trading on Wednesday, hitting $43.50. 1,236 shares of the stock were exchanged, compared to its average volume of 3,977. Matthews Emerging Markets Equity Active ETF has a 52-week low of $34.38 and a 52-week high of $47.53. The stock has a fifty day simple moving average of $43.81 and a 200 day simple moving average of $42.77. The firm has a market cap of $52.20 million, a P/E ratio of 15.50 and a beta of 0.93.

Hedge Funds Weigh In On Matthews Emerging Markets Equity Active ETF

Several institutional investors have recently modified their holdings of the business. Dynasty Wealth Management LLC increased its position in shares of Matthews Emerging Markets Equity Active ETF by 0.3% during the fourth quarter. Dynasty Wealth Management LLC now owns 207,058 shares of the company’s stock worth $7,414,000 after acquiring an additional 684 shares during the period. JGP Wealth Management LLC grew its stake in Matthews Emerging Markets Equity Active ETF by 1.3% during the 2nd quarter. JGP Wealth Management LLC now owns 166,857 shares of the company’s stock worth $7,552,000 after purchasing an additional 2,167 shares in the last quarter. Greenwich Wealth Management LLC grew its stake in 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 purchasing an additional 16,636 shares in the last quarter. Palladiem LLC purchased a new stake in Matthews Emerging Markets Equity Active ETF during the 4th quarter worth about $3,106,000. Finally, IFC Advisors LLC raised its position in 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 purchasing an additional 28,660 shares in the last quarter.

About Matthews Emerging Markets Equity Active ETF

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.