Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) Short Interest Up 86.4% in January

Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 22,462 shares, an increase of 86.4% from the December 31st total of 12,049 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average daily volume of 3,351 shares, the days-to-cover ratio is presently 6.7 days. Based on an average daily volume of 3,351 shares, the days-to-cover ratio is presently 6.7 days. Approximately 1.9% of the shares of the company are sold short.

Matthews Emerging Markets Equity Active ETF Stock Down 2.7%

Shares of NYSEARCA MEM traded down $1.08 during trading on Friday, reaching $38.92. 4,859 shares of the stock were exchanged, compared to its average volume of 4,223. Matthews Emerging Markets Equity Active ETF has a twelve month low of $26.07 and a twelve month high of $40.10. The company has a market capitalization of $46.70 million, a price-to-earnings ratio of 15.50 and a beta of 0.81. The business’s 50-day moving average price is $36.95 and its 200 day moving average price is $35.78.

Institutional Trading of Matthews Emerging Markets Equity Active ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Dynasty Wealth Management LLC acquired a new stake in Matthews Emerging Markets Equity Active ETF during the 3rd quarter valued at approximately $7,480,000. Vestmark Advisory Solutions Inc. acquired a new stake in shares of Matthews Emerging Markets Equity Active ETF during the second quarter worth $2,525,000. Geneos Wealth Management Inc. bought a new position in Matthews Emerging Markets Equity Active ETF during the second quarter worth $1,228,000. Osaic Holdings Inc. lifted its holdings in Matthews Emerging Markets Equity Active ETF by 229.1% in the second quarter. Osaic Holdings Inc. now owns 16,181 shares of the company’s stock valued at $526,000 after buying an additional 11,265 shares during the period. Finally, Greenwich Wealth Management LLC boosted its position in Matthews Emerging Markets Equity Active ETF by 12.1% during the second quarter. Greenwich Wealth Management LLC now owns 79,084 shares of the company’s stock valued at $2,570,000 after acquiring an additional 8,537 shares during the last quarter.

Matthews Emerging Markets Equity Active ETF Company Profile

The Matthews Emerging Markets Equity Active ETF (MEM) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in emerging market companies with perceived sustainable growth potential. MEM was launched on Jul 13, 2022 and is managed by Matthews.