Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) Shares Shorted: Short Interest Down 58.1% in September

Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 3,245 shares, a drop of 58.1% from the August 31st total of 7,737 shares. Based on an average daily trading volume, of 2,893 shares, the short-interest ratio is presently 1.1 days. Currently, 0.3% of the company’s stock are short sold.

Matthews Emerging Markets ex China Active ETF Stock Performance

Shares of MEMX traded down $0.66 during trading hours on Monday, hitting $48.20. 423 shares of the company were exchanged, compared to its average volume of 3,981. The company has a market cap of $57.84 million, a PE ratio of 16.84 and a beta of 0.95. The firm’s 50 day moving average is $47.33 and its 200-day moving average is $46.10. Matthews Emerging Markets ex China Active ETF has a 52 week low of $34.74 and a 52 week high of $51.52.

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

Large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its position in shares of Matthews Emerging Markets ex China Active ETF by 19.3% in the second quarter. Envestnet Asset Management Inc. now owns 9,148 shares of the company’s stock valued at $457,000 after purchasing an additional 1,480 shares during the period. Ameritas Advisory Services LLC boosted its holdings in shares of Matthews Emerging Markets ex China Active ETF by 107.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 16,803 shares of the company’s stock worth $839,000 after buying an additional 8,715 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Matthews Emerging Markets ex China Active ETF by 78.7% during the 1st quarter. International Assets Investment Management LLC now owns 4,068 shares of the company’s stock worth $164,000 after buying an additional 1,791 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in Matthews Emerging Markets ex China Active ETF by 89.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 14,339 shares of the company’s stock valued at $537,000 after buying an additional 6,769 shares during the last quarter.

About Matthews Emerging Markets ex China Active ETF

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.