Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Short Interest Down 73.7% in July

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 361 shares, a drop of 73.7% from the July 15th total of 1,373 shares. Based on an average daily volume of 1,240 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Matthews Emerging Markets Discovery Active ETF Stock Down 1.0%

MEMS traded down $0.32 during trading on Friday, hitting $30.80. The company’s stock had a trading volume of 1,323 shares, compared to its average volume of 1,190. The stock has a market capitalization of $21.56 million, a price-to-earnings ratio of -118.46 and a beta of 0.73. The firm’s 50 day moving average price is $30.70 and its two-hundred day moving average price is $29.38. Matthews Emerging Markets Discovery Active ETF has a 12 month low of $24.64 and a 12 month high of $32.56.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its holdings in Matthews Emerging Markets Discovery Active ETF by 143.4% during the 2nd quarter. Jane Street Group LLC now owns 40,923 shares of the technology company’s stock worth $1,071,000 after acquiring an additional 24,113 shares during the last quarter. Pathway Financial Advisors LLC lifted its position in shares of Matthews Emerging Markets Discovery Active ETF by 2.4% during the second quarter. Pathway Financial Advisors LLC now owns 87,942 shares of the technology company’s stock worth $2,775,000 after purchasing an additional 2,059 shares in the last quarter. Richardson Capital Management LLC lifted its position in shares of Matthews Emerging Markets Discovery Active ETF by 4.2% during the fourth quarter. Richardson Capital Management LLC now owns 135,156 shares of the technology company’s stock worth $3,444,000 after purchasing an additional 5,421 shares in the last quarter. Finally, Cahill Financial Advisors Inc. grew its stake in shares of Matthews Emerging Markets Discovery Active ETF by 2.2% during the fourth quarter. Cahill Financial Advisors Inc. now owns 188,548 shares of the technology company’s stock valued at $4,805,000 after purchasing an additional 4,124 shares during the last quarter. Institutional investors and hedge funds own 15.59% of the company’s stock.

About Matthews Emerging Markets Discovery Active ETF

MEMSIC, Inc provides advanced semiconductor sensor and system solutions based on integrated micro electro-mechanical systems (MEMS), technology and mixed signal circuit design. The Company operates in two segments: semiconductor sensor products and sensor system solution products. Its semiconductor sensor products, which is based on MEMS technology and advanced, integrated circuit design. Its sensor system solution products, which incorporate sensors with on-board computing, wireless communications and systems and application software solutions.