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

Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 24,775 shares, a growth of 71.3% from the November 30th total of 14,464 shares. Based on an average daily volume of 3,101 shares, the short-interest ratio is presently 8.0 days. Approximately 2.3% of the shares of the stock are sold short. Approximately 2.3% of the shares of the stock are sold short. Based on an average daily volume of 3,101 shares, the short-interest ratio is presently 8.0 days.

Institutional Investors Weigh In On Matthews Emerging Markets Equity Active ETF

Institutional investors have recently bought and sold shares of the stock. JGP Wealth Management LLC increased its stake in Matthews Emerging Markets Equity Active ETF by 0.3% during the second quarter. JGP Wealth Management LLC now owns 151,807 shares of the company’s stock worth $4,934,000 after acquiring an additional 514 shares during the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in Matthews Emerging Markets Equity Active ETF in the 2nd quarter worth $2,525,000. Greenwich Wealth Management LLC boosted its position in Matthews Emerging Markets Equity Active ETF by 12.1% in the 2nd quarter. Greenwich Wealth Management LLC now owns 79,084 shares of the company’s stock valued at $2,570,000 after buying an additional 8,537 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Matthews Emerging Markets Equity Active ETF during the second quarter valued at about $1,228,000. Finally, Osaic Holdings Inc. increased 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 acquiring an additional 11,265 shares during the last quarter.

Matthews Emerging Markets Equity Active ETF Trading Down 0.1%

Shares of NYSEARCA MEM traded down $0.03 during trading on Monday, reaching $35.85. The company had a trading volume of 2,543 shares, compared to its average volume of 9,182. Matthews Emerging Markets Equity Active ETF has a twelve month low of $26.07 and a twelve month high of $38.07. The stock has a market capitalization of $39.44 million, a PE ratio of 15.50 and a beta of 0.81. The stock has a 50-day moving average price of $36.50 and a two-hundred day moving average price of $34.87.

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.