Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS – Get Free Report) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 200 shares, a drop of 44.6% from the July 30th total of 361 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,698 shares, the days-to-cover ratio is presently 0.1 days.
Matthews Emerging Markets Discovery Active ETF Price Performance
Shares of MEMS traded down $0.22 during midday trading on Friday, reaching $30.89. 16 shares of the stock were exchanged, compared to its average volume of 1,243. The business’s 50-day moving average price is $30.57 and its 200 day moving average price is $29.64. Matthews Emerging Markets Discovery Active ETF has a twelve month low of $24.64 and a twelve month high of $32.56. The company has a market capitalization of $21.62 million, a price-to-earnings ratio of -118.79 and a beta of 0.73.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in 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 purchasing an additional 24,113 shares during the period. Cahill Financial Advisors Inc. increased 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 purchasing an additional 4,124 shares during the period. Finally, Pathway Financial Advisors LLC raised its holdings in shares of Matthews Emerging Markets Discovery Active ETF by 2.4% in the second quarter. Pathway Financial Advisors LLC now owns 87,942 shares of the technology company’s stock valued at $2,775,000 after buying an additional 2,059 shares during the last quarter. Institutional investors and hedge funds own 15.59% of the company’s stock.
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.
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