Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) Sees Large Growth in Short Interest

Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) was the target of a significant growth in short interest during 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 trading volume of 2,710 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.5% of the shares of the stock are sold short.

Matthews Emerging Markets Equity Active ETF Stock Down 1.0%

Shares of NYSEARCA MEM traded down $0.40 during midday trading on Friday, hitting $40.56. The stock had a trading volume of 1,283 shares, compared to its average volume of 4,445. The company has a market capitalization of $48.67 million, a PE ratio of 15.50 and a beta of 0.93. The stock has a 50 day simple moving average of $43.92 and a 200-day simple moving average of $43.25. Matthews Emerging Markets Equity Active ETF has a 1 year low of $34.38 and a 1 year high of $47.53.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its stake in Matthews Emerging Markets Equity Active ETF by 1.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 30,474 shares of the company’s stock valued at $1,132,000 after purchasing an additional 579 shares during the last quarter. IFC Advisors LLC lifted its holdings in Matthews Emerging Markets Equity Active ETF by 141.2% in the 1st quarter. IFC Advisors LLC now owns 48,962 shares of the company’s stock valued at $1,819,000 after purchasing an additional 28,660 shares in the last quarter. Finally, JGP Wealth Management LLC lifted its holdings in Matthews Emerging Markets Equity Active ETF by 1.3% in the 2nd quarter. JGP Wealth Management LLC now owns 166,857 shares of the company’s stock valued at $7,552,000 after purchasing an additional 2,167 shares in the last quarter.

About Matthews Emerging Markets Equity Active ETF

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.