Short Interest in Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) Declines By 87.3%

Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 1,684 shares, a drop of 87.3% from the March 31st total of 13,218 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 20,883 shares, the short-interest ratio is presently 0.1 days.

Matthews Emerging Markets Equity Active ETF Stock Performance

NYSEARCA:MEM traded up $1.09 on Friday, reaching $41.94. The company’s stock had a trading volume of 1,932 shares, compared to its average volume of 6,043. Matthews Emerging Markets Equity Active ETF has a 1-year low of $29.15 and a 1-year high of $42.15. The firm has a market cap of $54.52 million, a PE ratio of 15.50 and a beta of 0.85. The business’s 50-day moving average price is $39.10 and its two-hundred day moving average price is $37.83.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dynasty Wealth Management LLC grew its stake in Matthews Emerging Markets Equity Active ETF by 0.3% in the fourth quarter. Dynasty Wealth Management LLC now owns 207,058 shares of the company’s stock valued at $7,414,000 after acquiring an additional 684 shares during the period. JGP Wealth Management LLC raised its holdings in Matthews Emerging Markets Equity Active ETF by 2.2% during the 4th quarter. JGP Wealth Management LLC now owns 154,216 shares of the company’s stock worth $5,522,000 after buying an additional 3,376 shares during the period. Greenwich Wealth Management LLC raised its holdings in Matthews Emerging Markets Equity Active ETF by 15.5% during the 4th quarter. Greenwich Wealth Management LLC now owns 123,929 shares of the company’s stock worth $4,438,000 after buying an additional 16,636 shares during the period. Palladiem LLC acquired a new stake in Matthews Emerging Markets Equity Active ETF during the 4th quarter worth approximately $3,106,000. Finally, Geneos Wealth Management Inc. acquired a new stake in Matthews Emerging Markets Equity Active ETF during the 2nd quarter worth approximately $1,228,000.

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.