Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Sees Significant Decrease in Short Interest

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

Matthews Emerging Markets Discovery Active ETF Price Performance

Shares of NASDAQ:MEMS opened at $32.48 on Wednesday. The business’s 50-day moving average is $30.46 and its 200 day moving average is $28.00. Matthews Emerging Markets Discovery Active ETF has a 1 year low of $24.64 and a 1 year high of $32.56. The firm has a market capitalization of $22.74 million, a P/E ratio of -124.92 and a beta of 0.71.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Cahill Financial Advisors Inc. increased its position in 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 buying an additional 4,124 shares in the last quarter. Richardson Capital Management LLC increased its holdings in shares of Matthews Emerging Markets Discovery Active ETF by 4.2% in the fourth quarter. Richardson Capital Management LLC now owns 135,156 shares of the technology company’s stock valued at $3,444,000 after purchasing an additional 5,421 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of Matthews Emerging Markets Discovery Active ETF by 143.4% in 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 during the period. 15.59% of the stock is 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.