Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) Short Interest Update

Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 12,049 shares, a drop of 51.4% from the December 15th total of 24,775 shares. Based on an average daily volume of 4,444 shares, the short-interest ratio is presently 2.7 days. Currently, 1.0% of the shares of the stock are sold short. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily volume of 4,444 shares, the short-interest ratio is presently 2.7 days.

Matthews Emerging Markets Equity Active ETF Stock Up 0.2%

Shares of MEM stock traded up $0.08 during trading hours on Wednesday, hitting $37.78. 3,315 shares of the company’s stock were exchanged, compared to its average volume of 3,502. Matthews Emerging Markets Equity Active ETF has a fifty-two week low of $26.07 and a fifty-two week high of $38.09. The firm has a market cap of $45.34 million, a P/E ratio of 15.50 and a beta of 0.81. The firm has a 50 day moving average of $36.45 and a two-hundred day moving average of $35.28.

Hedge Funds Weigh In On Matthews Emerging Markets Equity Active ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MEM. Vestmark Advisory Solutions Inc. purchased a new position in Matthews Emerging Markets Equity Active ETF during the 2nd quarter valued at about $2,525,000. Greenwich Wealth Management LLC increased its stake in Matthews Emerging Markets Equity Active ETF by 12.1% during the second quarter. Greenwich Wealth Management LLC now owns 79,084 shares of the company’s stock worth $2,570,000 after purchasing an additional 8,537 shares during the period. JGP Wealth Management LLC lifted its position in shares of Matthews Emerging Markets Equity Active ETF by 0.3% during the second quarter. JGP Wealth Management LLC now owns 151,807 shares of the company’s stock worth $4,934,000 after purchasing an additional 514 shares in the last quarter. Dynasty Wealth Management LLC purchased a new position in shares of Matthews Emerging Markets Equity Active ETF in the third quarter valued at approximately $7,480,000. Finally, IFC Advisors LLC acquired a new position in shares of Matthews Emerging Markets Equity Active ETF in the third quarter valued at approximately $238,000.

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.