Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Sees Large Decline in Short Interest

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 565 shares, a drop of 39.7% from the February 12th total of 937 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 571 shares, the short-interest ratio is currently 1.0 days. Based on an average daily trading volume, of 571 shares, the short-interest ratio is currently 1.0 days. Approximately 0.1% of the shares of the stock are short sold.

Matthews Emerging Markets Discovery Active ETF Stock Performance

Matthews Emerging Markets Discovery Active ETF stock traded down $0.26 during midday trading on Friday, hitting $26.35. 44 shares of the company’s stock were exchanged, compared to its average volume of 1,007. The company has a market cap of $18.44 million, a P/E ratio of -101.33 and a beta of 0.24. The stock has a 50-day moving average price of $27.24 and a two-hundred day moving average price of $26.77. Matthews Emerging Markets Discovery Active ETF has a 52-week low of $20.69 and a 52-week high of $29.10.

Matthews Emerging Markets Discovery Active ETF Increases Dividend

The firm also recently declared an annual dividend, which was paid on Monday, December 22nd. Stockholders of record on Wednesday, December 17th were given a dividend of $0.7165 per share. This is a boost from Matthews Emerging Markets Discovery Active ETF’s previous annual dividend of $0.33. The ex-dividend date was Wednesday, December 17th. This represents a dividend yield of 279.0%. Matthews Emerging Markets Discovery Active ETF’s dividend payout ratio is -126.92%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Jane Street Group LLC raised its stake in Matthews Emerging Markets Discovery Active ETF by 143.4% in the second quarter. Jane Street Group LLC now owns 40,923 shares of the technology company’s stock valued at $1,071,000 after purchasing an additional 24,113 shares in the last quarter. Richardson Capital Management LLC lifted its position in Matthews Emerging Markets Discovery Active ETF by 4.2% during the fourth quarter. Richardson Capital Management LLC now owns 135,156 shares of the technology company’s stock valued at $3,444,000 after purchasing an additional 5,421 shares during the last quarter. Finally, Cahill Financial Advisors Inc. grew its stake in Matthews Emerging Markets Discovery Active ETF by 2.2% in the 4th quarter. Cahill Financial Advisors Inc. now owns 188,548 shares of the technology company’s stock worth $4,805,000 after buying an additional 4,124 shares in the last quarter. 15.59% of the stock is currently owned by institutional investors.

Matthews Emerging Markets Discovery Active ETF Company Profile

MEMSIC, Inc provides advanced semiconductor sensor and system solutions based on integrated micro electro-mechanical systems (MEMS), technology and mixed signal circuit design. The Company operates in two segments: semiconductor sensor products and sensor system solution products. Its semiconductor sensor products, which is based on MEMS technology and advanced, integrated circuit design. Its sensor system solution products, which incorporate sensors with on-board computing, wireless communications and systems and application software solutions.