Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX – Get Free Report) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 4,640 shares, an increase of 83.2% from the July 15th total of 2,533 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 2,984 shares, the days-to-cover ratio is currently 1.6 days.
Matthews Emerging Markets ex China Active ETF Price Performance
Shares of Matthews Emerging Markets ex China Active ETF stock traded down $0.07 during trading on Friday, hitting $48.07. 1,684 shares of the company’s stock traded hands, compared to its average volume of 4,220. Matthews Emerging Markets ex China Active ETF has a 1 year low of $32.64 and a 1 year high of $51.52. The business has a 50-day simple moving average of $47.37 and a 200-day simple moving average of $44.87. The stock has a market capitalization of $52.88 million, a P/E ratio of 16.84 and a beta of 0.94.
Institutional Trading of Matthews Emerging Markets ex China Active ETF
A number of institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new stake in shares of Matthews Emerging Markets ex China Active ETF in the fourth quarter worth approximately $85,000. Osaic Holdings Inc. bought a new position in Matthews Emerging Markets ex China Active ETF during the second quarter valued at approximately $150,000. LPL Financial LLC purchased a new stake in Matthews Emerging Markets ex China Active ETF in the fourth quarter worth approximately $397,000. Rockefeller Capital Management L.P. boosted its holdings in Matthews Emerging Markets ex China Active ETF by 89.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 14,339 shares of the company’s stock worth $537,000 after purchasing an additional 6,769 shares during the last quarter. Finally, OLD Mission Capital LLC grew its position in Matthews Emerging Markets ex China Active ETF by 19.4% in the 4th quarter. OLD Mission Capital LLC now owns 36,074 shares of the company’s stock worth $1,350,000 after purchasing an additional 5,873 shares during the period.
About Matthews Emerging Markets ex China Active ETF
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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