Short Interest in Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) Rises By 71.3%

Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 24,775 shares, a growth of 71.3% from the November 30th total of 14,464 shares. Based on an average daily volume of 3,101 shares, the days-to-cover ratio is currently 8.0 days. Currently, 2.3% of the company’s stock are sold short. Currently, 2.3% of the company’s stock are sold short. Based on an average daily volume of 3,101 shares, the days-to-cover ratio is currently 8.0 days.

Institutional Trading of Matthews Emerging Markets Equity Active ETF

Several hedge funds have recently added to or reduced their stakes in MEM. Susquehanna International Group LLP increased its position in shares of Matthews Emerging Markets Equity Active ETF by 51.3% during the third quarter. Susquehanna International Group LLP now owns 16,218 shares of the company’s stock worth $588,000 after purchasing an additional 5,500 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Matthews Emerging Markets Equity Active ETF during the 3rd quarter worth approximately $302,000. IFC Advisors LLC acquired a new position in Matthews Emerging Markets Equity Active ETF during the third quarter worth approximately $238,000. Dynasty Wealth Management LLC acquired a new position in Matthews Emerging Markets Equity Active ETF during the third quarter worth approximately $7,480,000. Finally, Osaic Holdings Inc. lifted its stake 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 last quarter.

Matthews Emerging Markets Equity Active ETF Stock Up 0.6%

NYSEARCA MEM traded up $0.20 during trading hours on Friday, hitting $35.88. 2,319 shares of the company were exchanged, compared to its average volume of 9,209. The firm has a market cap of $39.47 million, a price-to-earnings ratio of 15.50 and a beta of 0.81. The company has a 50 day moving average of $36.52 and a two-hundred day moving average of $34.82. Matthews Emerging Markets Equity Active ETF has a 52-week low of $26.07 and a 52-week high of $38.07.

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.