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

Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 7,529 shares, an increase of 107.2% from the July 15th total of 3,634 shares. Based on an average daily trading volume, of 1,990 shares, the days-to-cover ratio is presently 3.8 days. Currently, 0.6% of the shares of the stock are short sold.

Matthews Emerging Markets Equity Active ETF Stock Performance

Shares of NYSEARCA:MEM opened at $44.30 on Monday. The firm has a 50 day moving average of $43.81 and a 200-day moving average of $41.79. The stock has a market capitalization of $53.16 million, a PE ratio of 15.50 and a beta of 0.92. Matthews Emerging Markets Equity Active ETF has a 12 month low of $33.02 and a 12 month high of $47.53.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Palladiem LLC bought a new stake in shares of Matthews Emerging Markets Equity Active ETF during the 4th quarter worth $3,106,000. Geneos Wealth Management Inc. bought a new position in Matthews Emerging Markets Equity Active ETF in the second quarter valued at about $1,228,000. IFC Advisors LLC grew its position in Matthews Emerging Markets Equity Active ETF by 141.2% in the first quarter. IFC Advisors LLC now owns 48,962 shares of the company’s stock valued at $1,819,000 after acquiring an additional 28,660 shares during the last quarter. Greenwich Wealth Management LLC raised its stake in Matthews Emerging Markets Equity Active ETF by 15.5% during the fourth quarter. Greenwich Wealth Management LLC now owns 123,929 shares of the company’s stock worth $4,438,000 after acquiring an additional 16,636 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in 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 in the last quarter.

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.