Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Sees Significant Decrease in Short Interest

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 361 shares, a drop of 73.7% from the July 15th total of 1,373 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,240 shares, the days-to-cover ratio is presently 0.3 days.

Matthews Emerging Markets Discovery Active ETF Trading Down 0.1%

NASDAQ MEMS traded down $0.02 during trading hours on Thursday, hitting $31.15. 208 shares of the company’s stock traded hands, compared to its average volume of 1,197. The business’s fifty day moving average price is $30.69 and its two-hundred day moving average price is $29.34. The firm has a market capitalization of $21.80 million, a P/E ratio of -119.81 and a beta of 0.73. Matthews Emerging Markets Discovery Active ETF has a 52 week low of $24.64 and a 52 week high of $32.56.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MEMS. Cahill Financial Advisors Inc. increased its stake in shares of 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 in the last quarter. Jane Street Group LLC raised its holdings 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. Pathway Financial Advisors LLC lifted its position in Matthews Emerging Markets Discovery Active ETF by 2.4% during the second quarter. Pathway Financial Advisors LLC now owns 87,942 shares of the technology company’s stock valued at $2,775,000 after purchasing an additional 2,059 shares in the last quarter. Finally, Richardson Capital Management LLC lifted its position in Matthews Emerging Markets Discovery Active ETF by 4.2% during the fourth quarter. Richardson Capital Management LLC now owns 135,156 shares of the technology company’s stock valued at $3,444,000 after purchasing an additional 5,421 shares in the last quarter. Hedge funds and other institutional investors own 15.59% of the company’s stock.

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.