Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM – Get Free Report) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 6,192 shares, an increase of 57.8% from the September 15th total of 3,923 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 2,710 shares, the short-interest ratio is presently 2.3 days.
Institutional Trading of Matthews Emerging Markets Equity Active ETF
Several hedge funds have recently added to or reduced their stakes in the business. JGP Wealth Management LLC lifted its holdings in Matthews Emerging Markets Equity Active ETF by 1.6% during the third quarter. JGP Wealth Management LLC now owns 169,547 shares of the company’s stock worth $7,376,000 after acquiring an additional 2,690 shares in the last quarter. IFC Advisors LLC grew its stake in Matthews Emerging Markets Equity Active ETF by 141.2% in the first quarter. IFC Advisors LLC now owns 48,962 shares of the company’s stock valued at $1,819,000 after acquiring an additional 28,660 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in Matthews Emerging Markets Equity Active ETF by 1.9% in the first quarter. Geneos Wealth Management Inc. now owns 30,474 shares of the company’s stock valued at $1,132,000 after acquiring an additional 579 shares during the period.
Matthews Emerging Markets Equity Active ETF Stock Down 1.3%
Shares of NYSEARCA MEM opened at $40.44 on Friday. Matthews Emerging Markets Equity Active ETF has a twelve month low of $34.38 and a twelve month high of $47.53. The stock has a market cap of $48.53 million, a price-to-earnings ratio of 15.50 and a beta of 0.93. The company’s fifty day moving average is $43.85 and its 200-day moving average is $43.23.
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.
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