Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) Stock Short Interest Report for September

Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 6,192 shares, a growth of 57.8% from the September 15th total of 3,923 shares. Based on an average daily volume of 2,710 shares, the short-interest ratio is presently 2.3 days. Currently, 0.5% of the company’s stock are sold short.

Matthews Emerging Markets Equity Active ETF Price Performance

Shares of MEM stock traded down $0.52 on Friday, reaching $40.44. 11,988 shares of the company were exchanged, compared to its average volume of 4,499. The company has a market cap of $48.53 million, a price-to-earnings ratio of 15.50 and a beta of 0.93. The company has a 50-day moving average of $43.85 and a 200-day moving average of $43.23. Matthews Emerging Markets Equity Active ETF has a one year low of $34.38 and a one year high of $47.53.

Institutional Trading of Matthews Emerging Markets Equity Active ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JGP Wealth Management LLC boosted its holdings in Matthews Emerging Markets Equity Active ETF by 1.6% in the third quarter. JGP Wealth Management LLC now owns 169,547 shares of the company’s stock worth $7,376,000 after acquiring an additional 2,690 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Matthews Emerging Markets Equity Active ETF by 1.9% in the first quarter. Geneos Wealth Management Inc. now owns 30,474 shares of the company’s stock valued at $1,132,000 after acquiring an additional 579 shares during the period. Finally, IFC Advisors LLC grew its stake in Matthews Emerging Markets Equity Active ETF by 141.2% in the first quarter. IFC Advisors LLC now owns 48,962 shares of the company’s stock valued at $1,819,000 after acquiring an additional 28,660 shares during the period.

Matthews Emerging Markets Equity Active ETF Company Profile

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.