Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) Short Interest Up 86.4% in January

Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 22,462 shares, a growth of 86.4% from the December 31st total of 12,049 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average daily trading volume, of 3,351 shares, the days-to-cover ratio is currently 6.7 days. Based on an average daily trading volume, of 3,351 shares, the days-to-cover ratio is currently 6.7 days. Approximately 1.9% of the shares of the company are short sold.

Matthews Emerging Markets Equity Active ETF Stock Performance

Shares of NYSEARCA MEM traded down $1.08 during mid-day trading on Friday, hitting $38.92. 4,859 shares of the stock were exchanged, compared to its average volume of 4,223. Matthews Emerging Markets Equity Active ETF has a twelve month low of $26.07 and a twelve month high of $40.10. The stock’s fifty day simple moving average is $36.95 and its two-hundred day simple moving average is $35.78. The company has a market cap of $46.70 million, a P/E ratio of 15.50 and a beta of 0.81.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MEM. Farther Finance Advisors LLC lifted its position in Matthews Emerging Markets Equity Active ETF by 15.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,989 shares of the company’s stock valued at $71,000 after acquiring an additional 261 shares in the last quarter. IFC Advisors LLC acquired a new stake in shares of Matthews Emerging Markets Equity Active ETF in the 3rd quarter valued at about $238,000. Raymond James Financial Inc. bought a new stake in shares of Matthews Emerging Markets Equity Active ETF in the third quarter valued at about $302,000. Osaic Holdings Inc. boosted its position in shares of 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 buying an additional 11,265 shares during the period. Finally, Susquehanna International Group LLP boosted its position in shares of Matthews Emerging Markets Equity Active ETF by 51.3% during the third quarter. Susquehanna International Group LLP now owns 16,218 shares of the company’s stock worth $588,000 after buying an additional 5,500 shares during the period.

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.