Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) Sees Significant Decline in Short Interest

Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 13,218 shares, a decrease of 20.7% from the March 15th total of 16,672 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average trading volume of 2,640 shares, the short-interest ratio is presently 5.0 days.

Matthews Emerging Markets Equity Active ETF Price Performance

Shares of NYSEARCA MEM traded up $0.19 during mid-day trading on Thursday, reaching $40.75. The company’s stock had a trading volume of 484 shares, compared to its average volume of 6,333. The firm has a market capitalization of $52.98 million, a PE ratio of 15.50 and a beta of 0.85. The stock has a fifty day moving average of $38.96 and a two-hundred day moving average of $37.63. Matthews Emerging Markets Equity Active ETF has a 52 week low of $28.22 and a 52 week high of $42.15.

Institutional Investors Weigh In On Matthews Emerging Markets Equity Active ETF

A number of institutional investors have recently added to or reduced their stakes in MEM. Dynasty Wealth Management LLC purchased a new stake in Matthews Emerging Markets Equity Active ETF during the 3rd quarter valued at approximately $7,480,000. Palladiem LLC purchased a new stake in Matthews Emerging Markets Equity Active ETF during the 4th quarter valued at approximately $3,106,000. Geneos Wealth Management Inc. purchased a new stake in Matthews Emerging Markets Equity Active ETF during the 2nd quarter valued at approximately $1,228,000. Greenwich Wealth Management LLC grew its holdings 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 valued at $4,438,000 after buying an additional 16,636 shares in the last quarter. Finally, IFC Advisors LLC grew its holdings in Matthews Emerging Markets Equity Active ETF by 209.4% during the 4th quarter. IFC Advisors LLC now owns 20,302 shares of the company’s stock valued at $727,000 after buying an additional 13,740 shares in the last quarter.

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.