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

Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) saw a significant decrease in short interest during 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. Based on an average daily trading volume, of 2,640 shares, the short-interest ratio is currently 5.0 days. Approximately 1.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Matthews Emerging Markets Equity Active ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dynasty Wealth Management LLC boosted its stake in 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 valued at $7,414,000 after buying an additional 684 shares during the last quarter. JGP Wealth Management LLC boosted its stake in Matthews Emerging Markets Equity Active ETF by 2.2% during the fourth quarter. JGP Wealth Management LLC now owns 154,216 shares of the company’s stock valued at $5,522,000 after buying an additional 3,376 shares during the last quarter. Greenwich Wealth Management LLC boosted its stake in Matthews Emerging Markets Equity Active ETF by 15.5% during the fourth 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 during the last quarter. Palladiem LLC bought a new position in Matthews Emerging Markets Equity Active ETF during the fourth quarter valued at approximately $3,106,000. Finally, Geneos Wealth Management Inc. bought a new position in Matthews Emerging Markets Equity Active ETF during the second quarter valued at approximately $1,228,000.

Matthews Emerging Markets Equity Active ETF Stock Up 0.5%

Matthews Emerging Markets Equity Active ETF stock traded up $0.19 during midday trading on Thursday, reaching $40.75. 484 shares of the stock traded hands, compared to its average volume of 6,333. The stock’s fifty day moving average is $38.96 and its 200-day moving average is $37.63. Matthews Emerging Markets Equity Active ETF has a 12 month low of $28.22 and a 12 month high of $42.15. The stock has a market cap of $52.98 million, a P/E ratio of 15.50 and a beta of 0.85.

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.