Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Stock Short Interest Declines 70.7%

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) saw a large decline in short interest in October. As of October 30th, there was short interest totaling 462 shares, a decline of 70.7% from the October 15th total of 1,579 shares. Based on an average daily trading volume, of 355 shares, the short-interest ratio is currently 1.3 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Matthews Emerging Markets Discovery Active ETF stock. Richardson Capital Management LLC lifted its stake in shares of Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 155,281 shares of the technology company’s stock after purchasing an additional 6,180 shares during the quarter. Matthews Emerging Markets Discovery Active ETF accounts for about 2.0% of Richardson Capital Management LLC’s portfolio, making the stock its 9th largest position. Richardson Capital Management LLC owned about 21.57% of Matthews Emerging Markets Discovery Active ETF worth $4,674,000 as of its most recent filing with the Securities and Exchange Commission. 15.59% of the stock is currently owned by institutional investors and hedge funds.

Matthews Emerging Markets Discovery Active ETF Price Performance

NASDAQ:MEMS traded down $0.07 during trading hours on Friday, hitting $27.27. The company’s stock had a trading volume of 733 shares, compared to its average volume of 1,091. The stock has a fifty day simple moving average of $29.40 and a 200-day simple moving average of $29.48. The company has a market capitalization of $19.09 million, a P/E ratio of -104.90 and a beta of 0.81. Matthews Emerging Markets Discovery Active ETF has a twelve month low of $24.64 and a twelve month high of $32.56.

Matthews Emerging Markets Discovery Active ETF Company Profile

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.