Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) Stock Short Interest Rises 459.2%

Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 6,794 shares, a growth of 459.2% from the October 15th total of 1,215 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,450 shares, the short-interest ratio is currently 2.8 days.

Matthews Emerging Markets ex China Active ETF Stock Performance

Matthews Emerging Markets ex China Active ETF stock traded up $1.40 during midday trading on Wednesday, hitting $43.45. 3,171 shares of the company’s stock were exchanged, compared to its average volume of 3,754. Matthews Emerging Markets ex China Active ETF has a 52-week low of $35.34 and a 52-week high of $51.52. The stock has a 50-day moving average price of $46.42 and a two-hundred day moving average price of $45.38. The company has a market cap of $52.14 million, a P/E ratio of 12.81 and a beta of 0.99.

Institutional Investors Weigh In On Matthews Emerging Markets ex China Active ETF

Hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its holdings in shares of Matthews Emerging Markets ex China Active ETF by 19.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,148 shares of the company’s stock worth $457,000 after buying an additional 1,480 shares during the last quarter. International Assets Investment Management LLC increased its stake in Matthews Emerging Markets ex China Active ETF by 78.7% in the first quarter. International Assets Investment Management LLC now owns 4,068 shares of the company’s stock valued at $164,000 after acquiring an additional 1,791 shares during the last quarter. Ameritas Advisory Services LLC increased its stake in Matthews Emerging Markets ex China Active ETF by 107.8% in the second quarter. Ameritas Advisory Services LLC now owns 16,803 shares of the company’s stock valued at $839,000 after acquiring an additional 8,715 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in Matthews Emerging Markets ex China Active ETF during the third quarter valued at about $1,050,000. Finally, Matthews International Capital Management LLC purchased a new stake in Matthews Emerging Markets ex China Active ETF during the third quarter valued at about $5,594,000.

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.