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

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 1,579 shares, a growth of 709.7% from the September 30th total of 195 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 874 shares, the days-to-cover ratio is presently 1.8 days.

Matthews Emerging Markets Discovery Active ETF Stock Up 0.6%

Shares of Matthews Emerging Markets Discovery Active ETF stock traded up $0.18 on Wednesday, hitting $28.23. 800 shares of the company were exchanged, compared to its average volume of 1,125. Matthews Emerging Markets Discovery Active ETF has a 1-year low of $24.64 and a 1-year high of $32.56. The stock has a market capitalization of $19.76 million, a price-to-earnings ratio of -108.57 and a beta of 0.75. The company has a 50-day moving average price of $30.24 and a 200 day moving average price of $29.43.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Matthews Emerging Markets Discovery Active ETF stock. Pathway Financial Advisors LLC boosted its holdings in Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) by 2.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,942 shares of the technology company’s stock after purchasing an additional 2,059 shares during the quarter. Pathway Financial Advisors LLC owned about 12.56% of Matthews Emerging Markets Discovery Active ETF worth $2,775,000 as of its most recent SEC filing. 15.59% of the stock is owned by institutional investors and hedge funds.

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.