Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) Stock Short Interest Falls 53.5%

Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 3,923 shares, a decline of 53.5% from the August 31st total of 8,428 shares. Based on an average daily volume of 1,637 shares, the days-to-cover ratio is currently 2.4 days. Currently, 0.3% of the shares of the stock are sold short.

Matthews Emerging Markets Equity Active ETF Stock Performance

MEM traded down $0.17 on Tuesday, reaching $43.97. The company had a trading volume of 1,759 shares, compared to its average volume of 3,995. The business has a 50 day simple moving average of $43.79 and a 200 day simple moving average of $42.73. The company has a market cap of $52.76 million, a price-to-earnings ratio of 15.50 and a beta of 0.93. Matthews Emerging Markets Equity Active ETF has a 52-week low of $34.38 and a 52-week high of $47.53.

Hedge Funds Weigh In On Matthews Emerging Markets Equity Active ETF

A number of institutional investors have recently made changes to their positions in MEM. Geneos Wealth Management Inc. raised its position in shares of Matthews Emerging Markets Equity Active ETF by 1.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 30,474 shares of the company’s stock valued at $1,132,000 after buying an additional 579 shares in the last quarter. IFC Advisors LLC increased its stake in Matthews Emerging Markets Equity Active ETF by 141.2% in the first quarter. IFC Advisors LLC now owns 48,962 shares of the company’s stock valued at $1,819,000 after acquiring an additional 28,660 shares during the last quarter. Palladiem LLC bought a new position in Matthews Emerging Markets Equity Active ETF in the fourth quarter valued at $3,106,000. Greenwich Wealth Management LLC raised its position in Matthews Emerging Markets Equity Active ETF by 15.5% during the fourth quarter. Greenwich Wealth Management LLC now owns 123,929 shares of the company’s stock valued at $4,438,000 after purchasing an additional 16,636 shares in the last quarter. Finally, Dynasty Wealth Management LLC raised its position in Matthews Emerging Markets Equity Active ETF by 0.3% during the fourth quarter. Dynasty Wealth Management LLC now owns 207,058 shares of the company’s stock valued at $7,414,000 after purchasing an additional 684 shares in the last quarter.

About Matthews Emerging Markets Equity Active ETF

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.