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

Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 6,192 shares, a growth of 57.8% from the September 15th total of 3,923 shares. Based on an average trading volume of 2,710 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.5% of the shares of the stock are sold short.

Matthews Emerging Markets Equity Active ETF Trading Down 1.0%

NYSEARCA:MEM traded down $0.40 during trading hours on Friday, reaching $40.56. 1,283 shares of the company were exchanged, compared to its average volume of 4,445. The stock’s 50-day moving average is $43.92 and its 200-day moving average is $43.25. The firm has a market cap of $48.67 million, a PE ratio of 15.50 and a beta of 0.93. Matthews Emerging Markets Equity Active ETF has a twelve month low of $34.38 and a twelve month high of $47.53.

Institutional Trading of Matthews Emerging Markets Equity Active ETF

Several institutional investors have recently modified their holdings of MEM. Geneos Wealth Management Inc. raised its position in shares of Matthews Emerging Markets Equity Active ETF by 1.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 30,474 shares of the company’s stock worth $1,132,000 after purchasing an additional 579 shares during the last quarter. IFC Advisors LLC lifted its stake in Matthews Emerging Markets Equity Active ETF by 141.2% in the 1st quarter. IFC Advisors LLC now owns 48,962 shares of the company’s stock valued at $1,819,000 after buying an additional 28,660 shares in the last quarter. Finally, JGP Wealth Management LLC boosted its holdings in Matthews Emerging Markets Equity Active ETF by 1.6% in the 3rd quarter. JGP Wealth Management LLC now owns 169,547 shares of the company’s stock worth $7,376,000 after buying an additional 2,690 shares during 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.