Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Shares Pass Above 200 Day Moving Average – What’s Next?

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.73 and traded as high as $30.75. Matthews Emerging Markets Discovery Active ETF shares last traded at $30.10, with a volume of 220 shares trading hands.

Matthews Emerging Markets Discovery Active ETF Trading Down 4.5%

The stock has a 50 day moving average of $29.71 and a 200-day moving average of $27.73. The company has a market capitalization of $21.07 million, a P/E ratio of -115.77 and a beta of 0.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its stake in Matthews Emerging Markets Discovery Active ETF by 143.4% in the 2nd quarter. Jane Street Group LLC now owns 40,923 shares of the technology company’s stock worth $1,071,000 after purchasing an additional 24,113 shares during the period. Richardson Capital Management LLC boosted its stake in Matthews Emerging Markets Discovery Active ETF by 4.2% in the 4th quarter. Richardson Capital Management LLC now owns 135,156 shares of the technology company’s stock worth $3,444,000 after purchasing an additional 5,421 shares during the period. Finally, Cahill Financial Advisors Inc. boosted its stake in Matthews Emerging Markets Discovery Active ETF by 2.2% in the 4th quarter. Cahill Financial Advisors Inc. now owns 188,548 shares of the technology company’s stock worth $4,805,000 after purchasing an additional 4,124 shares during the period. 15.59% of the stock is currently owned by institutional investors.

Matthews Emerging Markets Discovery Active ETF Company Profile

MEMSIC, Inc provides advanced semiconductor sensor and system solutions based on integrated micro electro-mechanical systems (MEMS), technology and mixed signal circuit design. The Company operates in two segments: semiconductor sensor products and sensor system solution products. Its semiconductor sensor products, which is based on MEMS technology and advanced, integrated circuit design. Its sensor system solution products, which incorporate sensors with on-board computing, wireless communications and systems and application software solutions.