Short Interest in Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) Rises By 89.4%

Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 2,690 shares, a growth of 89.4% from the June 15th total of 1,420 shares. Based on an average trading volume of 2,483 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.3% of the shares of the stock are short sold.

Matthews Emerging Markets ex China Active ETF Stock Down 1.0%

MEMX traded down $0.45 during trading on Friday, reaching $45.02. The stock had a trading volume of 6,373 shares, compared to its average volume of 4,255. The stock has a 50 day moving average of $48.16 and a two-hundred day moving average of $43.89. The firm has a market capitalization of $45.02 million, a price-to-earnings ratio of 16.84 and a beta of 0.91. Matthews Emerging Markets ex China Active ETF has a 1-year low of $32.53 and a 1-year high of $51.52.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. OLD Mission Capital LLC grew its holdings in Matthews Emerging Markets ex China Active ETF by 19.4% during the fourth quarter. OLD Mission Capital LLC now owns 36,074 shares of the company’s stock worth $1,350,000 after acquiring an additional 5,873 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of Matthews Emerging Markets ex China Active ETF by 89.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 14,339 shares of the company’s stock valued at $537,000 after purchasing an additional 6,769 shares in the last quarter. LPL Financial LLC bought a new position in shares of Matthews Emerging Markets ex China Active ETF during the 4th quarter valued at about $397,000. Osaic Holdings Inc. acquired a new position in shares of Matthews Emerging Markets ex China Active ETF in the 2nd quarter worth approximately $150,000. Finally, International Assets Investment Management LLC grew its stake in shares of Matthews Emerging Markets ex China Active ETF by 78.7% in the 1st quarter. International Assets Investment Management LLC now owns 4,068 shares of the company’s stock worth $164,000 after purchasing an additional 1,791 shares during the last quarter.

About Matthews Emerging Markets ex China Active ETF

The Matthews Emerging Markets Ex China Active ETF (MEMX) is an exchange-traded fund that is based on the MSCI Emerging Markets ex China index. The fund is an actively managed fund that invests in companies from emerging markets, excluding China, considered to have sustainable growth potential. MEMX was launched on Jan 11, 2023 and is managed by Matthews.