Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) Stock Short Interest Drops 58.1%

Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 3,245 shares, a drop of 58.1% from the August 31st total of 7,737 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 2,893 shares, the days-to-cover ratio is presently 1.1 days.

Matthews Emerging Markets ex China Active ETF Price Performance

Shares of Matthews Emerging Markets ex China Active ETF stock traded up $0.19 during trading hours on Tuesday, hitting $48.39. 178 shares of the company’s stock traded hands, compared to its average volume of 3,961. The stock has a market capitalization of $58.07 million, a price-to-earnings ratio of 16.84 and a beta of 0.95. Matthews Emerging Markets ex China Active ETF has a 12-month low of $34.74 and a 12-month high of $51.52. The company has a fifty day simple moving average of $47.40 and a 200-day simple moving average of $46.14.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Ameritas Advisory Services LLC raised its holdings in shares of Matthews Emerging Markets ex China Active ETF by 107.8% in the 2nd quarter. Ameritas Advisory Services LLC now owns 16,803 shares of the company’s stock worth $839,000 after purchasing an additional 8,715 shares during the period. Rockefeller Capital Management L.P. grew its holdings in Matthews Emerging Markets ex China Active ETF by 89.4% during 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 period. International Assets Investment Management LLC grew its holdings 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, Envestnet Asset Management Inc. increased its position in Matthews Emerging Markets ex China Active ETF by 19.3% in the second quarter. Envestnet Asset Management Inc. now owns 9,148 shares of the company’s stock worth $457,000 after buying an additional 1,480 shares during the last quarter.

About Matthews Emerging Markets ex China Active ETF

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.