Short Interest in Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) Drops By 87.3%

Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) was the target of a large decline in short interest in April. As of April 15th, there was short interest totaling 1,684 shares, a decline of 87.3% from the March 31st total of 13,218 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 20,883 shares, the days-to-cover ratio is presently 0.1 days.

Matthews Emerging Markets Equity Active ETF Price Performance

Shares of MEM traded up $1.09 on Friday, hitting $41.94. The company’s stock had a trading volume of 1,932 shares, compared to its average volume of 6,043. The company has a market capitalization of $54.52 million, a PE ratio of 15.50 and a beta of 0.85. Matthews Emerging Markets Equity Active ETF has a fifty-two week low of $29.15 and a fifty-two week high of $42.15. The company has a 50 day moving average price of $39.10 and a 200 day moving average price of $37.83.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Dynasty Wealth Management LLC acquired a new position in Matthews Emerging Markets Equity Active ETF during the 3rd quarter worth $7,480,000. Palladiem LLC acquired a new position in Matthews Emerging Markets Equity Active ETF during the 4th quarter worth $3,106,000. Geneos Wealth Management Inc. acquired a new position in Matthews Emerging Markets Equity Active ETF during the 2nd quarter worth $1,228,000. Greenwich Wealth Management LLC lifted its holdings in Matthews Emerging Markets Equity Active ETF by 15.5% during the 4th quarter. Greenwich Wealth Management LLC now owns 123,929 shares of the company’s stock worth $4,438,000 after buying an additional 16,636 shares in the last quarter. Finally, IFC Advisors LLC lifted its holdings in Matthews Emerging Markets Equity Active ETF by 209.4% during the 4th quarter. IFC Advisors LLC now owns 20,302 shares of the company’s stock worth $727,000 after buying an additional 13,740 shares in the last quarter.

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.