Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM – Get Free Report) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 7,529 shares, a growth of 107.2% from the July 15th total of 3,634 shares. Based on an average daily volume of 1,990 shares, the short-interest ratio is presently 3.8 days. Currently, 0.6% of the shares of the stock are sold short.
Institutional Trading of Matthews Emerging Markets Equity Active ETF
Several large investors have recently added to or reduced their stakes in the company. Greenwich Wealth Management LLC increased its holdings in shares of 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 worth $4,438,000 after buying an additional 16,636 shares in the last quarter. Palladiem LLC acquired a new position in shares of Matthews Emerging Markets Equity Active ETF in the 4th quarter worth approximately $3,106,000. IFC Advisors LLC boosted its holdings in shares of Matthews Emerging Markets Equity Active ETF by 141.2% in the 1st quarter. IFC Advisors LLC now owns 48,962 shares of the company’s stock worth $1,819,000 after acquiring an additional 28,660 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Matthews Emerging Markets Equity Active ETF by 15.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,989 shares of the company’s stock worth $71,000 after acquiring an additional 261 shares in the last quarter. Finally, OLD Mission Capital LLC grew its position in Matthews Emerging Markets Equity Active ETF by 148.6% during the 4th quarter. OLD Mission Capital LLC now owns 14,100 shares of the company’s stock worth $505,000 after acquiring an additional 8,428 shares during the last quarter.
Matthews Emerging Markets Equity Active ETF Price Performance
Shares of MEM traded up $0.05 during trading hours on Friday, hitting $44.30. The stock had a trading volume of 1,247 shares, compared to its average volume of 4,410. The stock has a market capitalization of $53.16 million, a price-to-earnings ratio of 15.50 and a beta of 0.92. The company’s fifty day moving average is $43.81 and its two-hundred day moving average is $41.77. Matthews Emerging Markets Equity Active ETF has a 52 week low of $33.02 and a 52 week high of $47.53.
About Matthews Emerging Markets Equity Active ETF
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.
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