Short Interest in Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Drops By 40.3%

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 632 shares, a drop of 40.3% from the May 14th total of 1,058 shares. Based on an average daily trading volume, of 634 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.1% of the company’s shares are short sold.

Matthews Emerging Markets Discovery Active ETF Trading Up 2.5%

Shares of MEMS traded up $0.80 during midday trading on Monday, hitting $32.48. The stock had a trading volume of 1,352 shares, compared to its average volume of 1,239. Matthews Emerging Markets Discovery Active ETF has a fifty-two week low of $24.64 and a fifty-two week high of $32.56. The business has a 50-day simple moving average of $30.22 and a two-hundred day simple moving average of $27.91. The firm has a market cap of $22.74 million, a P/E ratio of -124.92 and a beta of 0.71.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cahill Financial Advisors Inc. boosted its holdings in shares of Matthews Emerging Markets Discovery Active ETF by 2.2% during the fourth quarter. Cahill Financial Advisors Inc. now owns 188,548 shares of the technology company’s stock worth $4,805,000 after purchasing an additional 4,124 shares during the period. Jane Street Group LLC boosted its holdings in shares of Matthews Emerging Markets Discovery Active ETF by 143.4% during the second quarter. Jane Street Group LLC now owns 40,923 shares of the technology company’s stock worth $1,071,000 after purchasing an additional 24,113 shares during the period. Finally, Richardson Capital Management LLC boosted its holdings in shares of Matthews Emerging Markets Discovery Active ETF by 4.2% during the fourth quarter. Richardson Capital Management LLC now owns 135,156 shares of the technology company’s stock worth $3,444,000 after purchasing an additional 5,421 shares during the period. 15.59% of the stock is currently owned by institutional investors and hedge funds.

About Matthews Emerging Markets Discovery Active ETF

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.