Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX – Get Free Report) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 6,794 shares, a growth of 459.2% from the October 15th total of 1,215 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,450 shares, the days-to-cover ratio is presently 2.8 days.
Matthews Emerging Markets ex China Active ETF Price Performance
NYSEARCA MEMX traded up $1.40 on Wednesday, reaching $43.45. 3,171 shares of the company’s stock traded hands, compared to its average volume of 3,754. The stock has a market cap of $52.14 million, a PE ratio of 12.81 and a beta of 0.99. Matthews Emerging Markets ex China Active ETF has a 12 month low of $35.34 and a 12 month high of $51.52. The stock has a 50-day simple moving average of $46.42 and a 200 day simple moving average of $45.38.
Institutional Trading of Matthews Emerging Markets ex China Active ETF
Several hedge funds have recently added to or reduced their stakes in MEMX. International Assets Investment Management LLC boosted its position in Matthews Emerging Markets ex China Active ETF by 78.7% during the first quarter. International Assets Investment Management LLC now owns 4,068 shares of the company’s stock valued at $164,000 after buying an additional 1,791 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Matthews Emerging Markets ex China Active ETF by 19.3% during the second quarter. Envestnet Asset Management Inc. now owns 9,148 shares of the company’s stock valued at $457,000 after buying an additional 1,480 shares during the last quarter. Ameritas Advisory Services LLC lifted its stake in shares of Matthews Emerging Markets ex China Active ETF by 107.8% in the 2nd quarter. Ameritas Advisory Services LLC now owns 16,803 shares of the company’s stock valued at $839,000 after acquiring an additional 8,715 shares during the last quarter. Chicago Partners Investment Group LLC bought a new stake in shares of Matthews Emerging Markets ex China Active ETF in the 3rd quarter valued at about $1,050,000. Finally, Matthews International Capital Management LLC purchased a new stake in Matthews Emerging Markets ex China Active ETF during the 3rd quarter valued at about $5,594,000.
Matthews Emerging Markets ex China Active ETF Company Profile
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.
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