Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX – Get Free Report) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 3,245 shares, a decrease of 58.1% from the August 31st total of 7,737 shares. Based on an average trading volume of 2,893 shares, the short-interest ratio is presently 1.1 days. Approximately 0.3% of the shares of the company are short sold.
Matthews Emerging Markets ex China Active ETF Stock Performance
Shares of Matthews Emerging Markets ex China Active ETF stock traded down $0.66 during trading on Monday, reaching $48.20. The company’s stock had a trading volume of 423 shares, compared to its average volume of 3,981. The business’s fifty day moving average price is $47.33 and its 200-day moving average price is $46.10. The firm has a market cap of $57.84 million, a price-to-earnings ratio of 16.84 and a beta of 0.95. Matthews Emerging Markets ex China Active ETF has a one year low of $34.74 and a one year high of $51.52.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in MEMX. Envestnet Asset Management Inc. raised its position in Matthews Emerging Markets ex China Active ETF by 19.3% in the second quarter. Envestnet Asset Management Inc. now owns 9,148 shares of the company’s stock worth $457,000 after purchasing an additional 1,480 shares in the last quarter. Ameritas Advisory Services LLC lifted its holdings in Matthews Emerging Markets ex China Active ETF by 107.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 16,803 shares of the company’s stock valued at $839,000 after purchasing an additional 8,715 shares during the last quarter. International Assets Investment Management LLC boosted its position in Matthews Emerging Markets ex China Active ETF by 78.7% in 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 in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position 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 valued at $537,000 after buying an additional 6,769 shares in the last quarter.
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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