Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) Sees Large Increase in Short Interest

Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 7,529 shares, a growth of 107.2% from the July 15th total of 3,634 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 1,990 shares, the days-to-cover ratio is currently 3.8 days.

Matthews Emerging Markets Equity Active ETF Stock Performance

Shares of MEM stock traded up $0.05 during mid-day trading on Friday, reaching $44.30. The company’s stock had a trading volume of 1,247 shares, compared to its average volume of 4,410. The firm’s 50-day moving average is $43.81 and its two-hundred day moving average is $41.77. The company has a market cap of $53.16 million, a P/E ratio of 15.50 and a beta of 0.92. Matthews Emerging Markets Equity Active ETF has a 1-year low of $33.02 and a 1-year high of $47.53.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Palladiem LLC bought a new position in Matthews Emerging Markets Equity Active ETF during the fourth quarter worth about $3,106,000. Geneos Wealth Management Inc. acquired a new stake in Matthews Emerging Markets Equity Active ETF in the 2nd quarter valued at $1,228,000. IFC Advisors LLC grew its position 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. Greenwich Wealth Management LLC grew its position in Matthews Emerging Markets Equity Active ETF by 15.5% in the fourth quarter. Greenwich Wealth Management LLC now owns 123,929 shares of the company’s stock valued at $4,438,000 after acquiring an additional 16,636 shares during the period. Finally, Osaic Holdings Inc. raised its stake in Matthews Emerging Markets Equity Active ETF by 229.1% during the second quarter. Osaic Holdings Inc. now owns 16,181 shares of the company’s stock worth $526,000 after acquiring an additional 11,265 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.