Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) Sees Large Drop in Short Interest

Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,215 shares, a decline of 43.6% from the September 30th total of 2,156 shares. Based on an average daily volume of 1,947 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the shares of the company are short sold.

Matthews Emerging Markets ex China Active ETF Stock Down 0.2%

Shares of NYSEARCA MEMX opened at $42.59 on Tuesday. The business’s 50 day moving average price is $47.16 and its 200 day moving average price is $45.31. The firm has a market cap of $51.11 million, a P/E ratio of 16.84 and a beta of 0.95. Matthews Emerging Markets ex China Active ETF has a 52 week low of $35.34 and a 52 week high of $51.52.

Institutional Trading of Matthews Emerging Markets ex China Active ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Chicago Partners Investment Group LLC acquired a new stake in shares of Matthews Emerging Markets ex China Active ETF in the third quarter worth $1,050,000. Envestnet Asset Management Inc. lifted its position in Matthews Emerging Markets ex China Active ETF by 19.3% during the second quarter. Envestnet Asset Management Inc. now owns 9,148 shares of the company’s stock valued at $457,000 after purchasing an additional 1,480 shares during the period. Ameritas Advisory Services LLC lifted its position in Matthews Emerging Markets ex China Active ETF by 107.8% during the second quarter. Ameritas Advisory Services LLC now owns 16,803 shares of the company’s stock valued at $839,000 after purchasing an additional 8,715 shares during the period. International Assets Investment Management LLC lifted its position in Matthews Emerging Markets ex China Active ETF by 78.7% during the first quarter. International Assets Investment Management LLC now owns 4,068 shares of the company’s stock valued at $164,000 after purchasing an additional 1,791 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings in Matthews Emerging Markets ex China Active ETF by 89.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 14,339 shares of the company’s stock valued at $537,000 after purchasing an additional 6,769 shares during the last quarter.

Matthews Emerging Markets ex China Active ETF Company Profile

The Matthews Emerging Markets Ex China Active ETF (MEMX) is an exchange-traded fund that is based on the MSCI Emerging Markets ex China index. The fund is an actively managed fund that invests in companies from emerging markets, excluding China, considered to have sustainable growth potential. MEMX was launched on Jan 11, 2023 and is managed by Matthews.