Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Short Interest Down 44.6% in August

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 200 shares, a drop of 44.6% from the July 30th total of 361 shares. Based on an average daily volume of 1,698 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Matthews Emerging Markets Discovery Active ETF Stock Down 0.6%

NASDAQ:MEMS traded down $0.19 during mid-day trading on Monday, hitting $30.70. 464 shares of the company traded hands, compared to its average volume of 1,238. The stock’s fifty day moving average price is $30.57 and its 200-day moving average price is $29.66. Matthews Emerging Markets Discovery Active ETF has a one year low of $24.64 and a one year high of $32.56. The firm has a market cap of $21.49 million, a price-to-earnings ratio of -118.08 and a beta of 0.73.

Institutional Investors Weigh In On Matthews Emerging Markets Discovery Active ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its holdings in 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 valued at $1,071,000 after purchasing an additional 24,113 shares in the last quarter. Cahill Financial Advisors Inc. raised its position in shares of Matthews Emerging Markets Discovery Active ETF by 2.2% during the 4th quarter. Cahill Financial Advisors Inc. now owns 188,548 shares of the technology company’s stock valued at $4,805,000 after purchasing an additional 4,124 shares during the period. Finally, Pathway Financial Advisors LLC lifted its stake in shares of Matthews Emerging Markets Discovery Active ETF by 2.4% during the 2nd quarter. Pathway Financial Advisors LLC now owns 87,942 shares of the technology company’s stock valued at $2,775,000 after buying an additional 2,059 shares in the last quarter. 15.59% of the stock is owned by hedge funds and other institutional investors.

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.