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

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 361 shares, a drop of 73.7% from the July 15th total of 1,373 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 1,240 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Matthews Emerging Markets Discovery Active ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in MEMS. Jane Street Group LLC grew 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 buying an additional 24,113 shares in the last quarter. Pathway Financial Advisors LLC lifted its stake in shares of Matthews Emerging Markets Discovery Active ETF by 2.4% in the second quarter. Pathway Financial Advisors LLC now owns 87,942 shares of the technology company’s stock worth $2,775,000 after buying an additional 2,059 shares in the last quarter. Richardson Capital Management LLC lifted its stake 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 worth $3,444,000 after buying an additional 5,421 shares in the last quarter. Finally, Cahill Financial Advisors Inc. boosted its position in 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 acquiring an additional 4,124 shares during the last quarter. Institutional investors and hedge funds own 15.59% of the company’s stock.

Matthews Emerging Markets Discovery Active ETF Stock Performance

Shares of NASDAQ:MEMS traded down $0.32 during trading on Friday, reaching $30.80. The stock had a trading volume of 1,323 shares, compared to its average volume of 1,190. The business has a fifty day moving average price of $30.70 and a 200-day moving average price of $29.38. The stock has a market cap of $21.56 million, a PE ratio of -118.46 and a beta of 0.73. Matthews Emerging Markets Discovery Active ETF has a 1-year low of $24.64 and a 1-year high of $32.56.

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.