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

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $28.62 and traded as high as $30.65. Matthews Emerging Markets Discovery Active ETF shares last traded at $30.98, with a volume of 29 shares.

Matthews Emerging Markets Discovery Active ETF Stock Performance

The firm has a market cap of $21.69 million, a P/E ratio of -119.15 and a beta of 0.69. The firm has a fifty day moving average of $31.25 and a 200-day moving average of $28.62.

Institutional Investors Weigh In On Matthews Emerging Markets Discovery Active ETF

Hedge funds have recently added to or reduced their stakes in the stock. Pathway Financial Advisors LLC lifted its position in Matthews Emerging Markets Discovery Active ETF by 2.4% in the 2nd 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 during the last quarter. Cahill Financial Advisors Inc. boosted its stake in Matthews Emerging Markets Discovery Active ETF by 2.2% during the 4th quarter. Cahill Financial Advisors Inc. now owns 188,548 shares of the technology company’s stock valued at $4,805,000 after purchasing an additional 4,124 shares during the period. Richardson Capital Management LLC grew its position 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 last quarter. Finally, Jane Street Group LLC grew its position 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 last quarter. 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.