Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) Stock Short Interest Rises 459.2%

Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) was the recipient of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 6,794 shares, a growth of 459.2% from the October 15th total of 1,215 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 2,450 shares, the short-interest ratio is currently 2.8 days.

Matthews Emerging Markets ex China Active ETF Stock Down 1.5%

NYSEARCA MEMX traded down $0.62 during trading hours on Friday, hitting $41.97. The company’s stock had a trading volume of 784 shares, compared to its average volume of 3,741. The firm has a market capitalization of $50.36 million, a P/E ratio of 12.81 and a beta of 0.99. The stock has a fifty day moving average of $46.21 and a 200 day moving average of $45.40. Matthews Emerging Markets ex China Active ETF has a twelve month low of $35.34 and a twelve month high of $51.52.

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

A number of hedge funds have recently bought and sold shares of MEMX. Matthews International Capital Management LLC acquired a new position in shares of Matthews Emerging Markets ex China Active ETF during the 3rd quarter worth $5,594,000. Chicago Partners Investment Group LLC bought a new stake in Matthews Emerging Markets ex China Active ETF during the third quarter worth $1,050,000. Ameritas Advisory Services LLC lifted its position in shares of Matthews Emerging Markets ex China Active ETF by 107.8% during the 2nd 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 last quarter. Envestnet Asset Management Inc. lifted its holdings in Matthews Emerging Markets ex China Active ETF by 19.3% during the 2nd 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 in the last quarter. Finally, International Assets Investment Management LLC lifted its position in 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 during the last quarter.

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.