Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Stock Passes Above 200 Day Moving Average – Here’s Why

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.73 and traded as high as $30.75. Matthews Emerging Markets Discovery Active ETF shares last traded at $30.10, with a volume of 220 shares changing hands.

Matthews Emerging Markets Discovery Active ETF Stock Performance

The firm has a 50-day moving average of $29.71 and a 200-day moving average of $27.73. The firm has a market capitalization of $21.07 million, a P/E ratio of -115.77 and a beta of 0.71.

Hedge Funds Weigh In On Matthews Emerging Markets Discovery Active ETF

Several institutional investors and hedge funds have recently bought and sold shares of MEMS. Cahill Financial Advisors Inc. grew its position in shares of Matthews Emerging Markets Discovery Active ETF by 2.2% in the 4th quarter. Cahill Financial Advisors Inc. now owns 188,548 shares of the technology company’s stock worth $4,805,000 after buying an additional 4,124 shares during the last quarter. Richardson Capital Management LLC grew its position in shares of Matthews Emerging Markets Discovery Active ETF by 4.2% in the 4th quarter. Richardson Capital Management LLC now owns 135,156 shares of the technology company’s stock worth $3,444,000 after buying an additional 5,421 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of Matthews Emerging Markets Discovery Active ETF by 143.4% in the 2nd quarter. Jane Street Group LLC now owns 40,923 shares of the technology company’s stock worth $1,071,000 after buying an additional 24,113 shares during the last quarter. 15.59% of the stock is currently owned by institutional investors.

About Matthews Emerging Markets Discovery Active ETF

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.