Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) Short Interest Update

Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 24,775 shares, an increase of 71.3% from the November 30th total of 14,464 shares. Currently, 2.3% of the company’s shares are sold short. Based on an average daily volume of 3,101 shares, the days-to-cover ratio is presently 8.0 days. Based on an average daily volume of 3,101 shares, the days-to-cover ratio is presently 8.0 days. Currently, 2.3% of the company’s shares are sold short.

Institutional Investors Weigh In On Matthews Emerging Markets Equity Active ETF

Several hedge funds have recently made changes to their positions in MEM. Susquehanna International Group LLP increased its stake in shares of Matthews Emerging Markets Equity Active ETF by 51.3% in the 3rd quarter. Susquehanna International Group LLP now owns 16,218 shares of the company’s stock worth $588,000 after acquiring an additional 5,500 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Matthews Emerging Markets Equity Active ETF during the 3rd quarter valued at $302,000. IFC Advisors LLC purchased a new position in Matthews Emerging Markets Equity Active ETF in the 3rd quarter worth about $238,000. Dynasty Wealth Management LLC bought a new position in Matthews Emerging Markets Equity Active ETF during the third quarter valued at approximately $7,480,000. Finally, Osaic Holdings Inc. grew its holdings in shares of Matthews Emerging Markets Equity Active ETF by 229.1% in the second quarter. Osaic Holdings Inc. now owns 16,181 shares of the company’s stock worth $526,000 after acquiring an additional 11,265 shares during the period.

Matthews Emerging Markets Equity Active ETF Price Performance

MEM traded down $0.01 during trading on Tuesday, hitting $35.88. 247 shares of the stock traded hands, compared to its average volume of 9,182. The firm has a market capitalization of $39.46 million, a P/E ratio of 15.50 and a beta of 0.81. Matthews Emerging Markets Equity Active ETF has a 12-month low of $26.07 and a 12-month high of $38.07. The firm has a 50-day moving average of $36.50 and a 200 day moving average of $34.87.

About Matthews Emerging Markets Equity Active ETF

The Matthews Emerging Markets Equity Active ETF (MEM) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in emerging market companies with perceived sustainable growth potential. MEM was launched on Jul 13, 2022 and is managed by Matthews.