Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) Shares Shorted: Short Interest Down 43.6% in October

Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 1,215 shares, a drop of 43.6% from the September 30th total of 2,156 shares. Based on an average trading volume of 1,947 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Matthews Emerging Markets ex China Active ETF

Large investors have recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in shares of Matthews Emerging Markets ex China Active ETF by 78.7% during the first quarter. International Assets Investment Management LLC now owns 4,068 shares of the company’s stock valued at $164,000 after purchasing an additional 1,791 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Matthews Emerging Markets ex China Active ETF by 19.3% during the second quarter. Envestnet Asset Management Inc. now owns 9,148 shares of the company’s stock worth $457,000 after purchasing an additional 1,480 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Matthews Emerging Markets ex China Active ETF by 89.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 14,339 shares of the company’s stock valued at $537,000 after buying an additional 6,769 shares during the period. Ameritas Advisory Services LLC increased its stake in shares of Matthews Emerging Markets ex China Active ETF by 107.8% in the second quarter. Ameritas Advisory Services LLC now owns 16,803 shares of the company’s stock valued at $839,000 after buying an additional 8,715 shares during the period. Finally, Chicago Partners Investment Group LLC bought a new position in Matthews Emerging Markets ex China Active ETF in the 3rd quarter valued at approximately $1,050,000.

Matthews Emerging Markets ex China Active ETF Price Performance

Shares of NYSEARCA MEMX traded down $1.57 during mid-day trading on Friday, hitting $42.67. 316 shares of the stock traded hands, compared to its average volume of 3,786. The company has a market cap of $51.20 million, a PE ratio of 16.84 and a beta of 0.95. Matthews Emerging Markets ex China Active ETF has a twelve month low of $35.34 and a twelve month high of $51.52. The firm has a 50 day simple moving average of $47.26 and a two-hundred day simple moving average of $45.29.

Matthews Emerging Markets ex China Active ETF Company Profile

The Matthews Emerging Markets Ex China Active ETF (MEMX) is an exchange-traded fund that is based on the MSCI Emerging Markets ex China index. The fund is an actively managed fund that invests in companies from emerging markets, excluding China, considered to have sustainable growth potential. MEMX was launched on Jan 11, 2023 and is managed by Matthews.