Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $29.21 and traded as high as $30.62. Matthews Emerging Markets Discovery Active ETF shares last traded at $30.62, with a volume of 5,798 shares changing hands.

Matthews Emerging Markets Discovery Active ETF Stock Performance

The firm has a market capitalization of $21.52 million, a P/E ratio of -118.27 and a beta of 0.73. The stock’s 50 day simple moving average is $30.72 and its 200 day simple moving average is $29.22.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Pathway Financial Advisors LLC increased its holdings in Matthews Emerging Markets Discovery Active ETF by 2.4% during the 2nd quarter. Pathway Financial Advisors LLC now owns 87,942 shares of the technology company’s stock worth $2,775,000 after purchasing an additional 2,059 shares during the period. Cahill Financial Advisors Inc. lifted its holdings in shares of 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 during the period. Richardson Capital Management LLC lifted its holdings in shares of Matthews Emerging Markets Discovery Active ETF by 4.2% in the 4th quarter. Richardson Capital Management LLC now owns 135,156 shares of the technology company’s stock worth $3,444,000 after buying an additional 5,421 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Matthews Emerging Markets Discovery Active ETF by 143.4% during the 2nd quarter. Jane Street Group LLC now owns 40,923 shares of the technology company’s stock worth $1,071,000 after buying an additional 24,113 shares in the last quarter. Institutional investors own 15.59% of the company’s stock.

About Matthews Emerging Markets Discovery Active ETF

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.