Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM – Get Free Report) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 3,923 shares, a drop of 53.5% from the August 31st total of 8,428 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 1,637 shares, the short-interest ratio is presently 2.4 days.
Institutional Trading of Matthews Emerging Markets Equity Active ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. JGP Wealth Management LLC lifted its position in shares of Matthews Emerging Markets Equity Active ETF by 1.3% in the 2nd quarter. JGP Wealth Management LLC now owns 166,857 shares of the company’s stock worth $7,552,000 after purchasing an additional 2,167 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Matthews Emerging Markets Equity Active ETF by 1.9% during the first quarter. Geneos Wealth Management Inc. now owns 30,474 shares of the company’s stock worth $1,132,000 after buying an additional 579 shares during the period. IFC Advisors LLC increased its position in shares of Matthews Emerging Markets Equity Active ETF by 141.2% during the first quarter. IFC Advisors LLC now owns 48,962 shares of the company’s stock worth $1,819,000 after buying an additional 28,660 shares during the period. Palladiem LLC bought a new position in Matthews Emerging Markets Equity Active ETF during the fourth quarter worth $3,106,000. Finally, Greenwich Wealth Management LLC raised 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 worth $4,438,000 after buying an additional 16,636 shares during the last quarter.
Matthews Emerging Markets Equity Active ETF Stock Down 1.6%
Shares of NYSEARCA MEM traded down $0.73 during trading on Monday, reaching $43.95. The company had a trading volume of 744 shares, compared to its average volume of 4,000. The stock has a market cap of $52.74 million, a P/E ratio of 15.50 and a beta of 0.93. The company’s fifty day moving average price is $43.75 and its 200-day moving average price is $42.69. Matthews Emerging Markets Equity Active ETF has a 12 month low of $34.38 and a 12 month high of $47.53.
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.
Recommended Stories
- Five stocks we like better than Matthews Emerging Markets Equity Active ETF
- 3 Healthcare Stocks Showing Why the Sector Still Has Momentum
- Akamai’s Anthropic Deal Puts $5.5 Billion Behind Its Edge AI Pivot
- 3 Stocks Under the Microscope After Large Insider Sales
- The Nasdaq Nears a Major Breakout: 5 Tech ETFs to Play the Move
Receive News & Ratings for Matthews Emerging Markets Equity Active ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matthews Emerging Markets Equity Active ETF and related companies with MarketBeat.com's FREE daily email newsletter.
