Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.57 and traded as high as $31.52. Matthews Emerging Markets Discovery Active ETF shares last traded at $31.51, with a volume of 314 shares.

Matthews Emerging Markets Discovery Active ETF Stock Performance

The firm’s 50-day moving average price is $29.25 and its 200 day moving average price is $27.59. The company has a market cap of $21.92 million, a price-to-earnings ratio of -120.46 and a beta of 0.72.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MEMS. Jane Street Group LLC boosted its stake 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. Richardson Capital Management LLC lifted its stake in Matthews Emerging Markets Discovery Active ETF by 4.2% in the fourth quarter. Richardson Capital Management LLC now owns 135,156 shares of the technology company’s stock valued at $3,444,000 after buying an additional 5,421 shares in the last quarter. Finally, Cahill Financial Advisors Inc. lifted its stake in Matthews Emerging Markets Discovery Active ETF by 2.2% in the fourth quarter. Cahill Financial Advisors Inc. now owns 188,548 shares of the technology company’s stock valued at $4,805,000 after buying an additional 4,124 shares in the last quarter. Institutional investors own 15.59% of the company’s stock.

Matthews Emerging Markets Discovery Active ETF Company Profile

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.