Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) Stock Short Interest Declines 43.6%

Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 1,215 shares, a decline of 43.6% from the September 30th total of 2,156 shares. Based on an average daily trading volume, of 1,947 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are short sold.

Matthews Emerging Markets ex China Active ETF Price Performance

Shares of MEMX stock traded down $1.57 on Friday, hitting $42.67. 316 shares of the company’s stock were exchanged, compared to its average volume of 3,786. The company has a 50 day moving average of $47.26 and a 200 day moving average of $45.29. The stock has a market cap of $51.20 million, a P/E ratio of 16.84 and a beta of 0.95. Matthews Emerging Markets ex China Active ETF has a 12 month low of $35.34 and a 12 month high of $51.52.

Institutional Investors Weigh In On Matthews Emerging Markets ex China Active ETF

A number of hedge funds have recently made changes to their positions in MEMX. Chicago Partners Investment Group LLC acquired a new position in Matthews Emerging Markets ex China Active ETF during the 3rd quarter worth approximately $1,050,000. Envestnet Asset Management Inc. lifted its stake in Matthews Emerging Markets ex China Active ETF by 19.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,148 shares of the company’s stock valued at $457,000 after purchasing an additional 1,480 shares during the last quarter. Ameritas Advisory Services LLC lifted its stake in Matthews Emerging Markets ex China Active ETF by 107.8% in the 2nd quarter. Ameritas Advisory Services LLC now owns 16,803 shares of the company’s stock valued at $839,000 after purchasing an additional 8,715 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Matthews Emerging Markets ex China Active ETF by 78.7% in the 1st quarter. International Assets Investment Management LLC now owns 4,068 shares of the company’s stock valued at $164,000 after purchasing an additional 1,791 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in Matthews Emerging Markets ex China Active ETF by 89.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 14,339 shares of the company’s stock valued at $537,000 after buying an additional 6,769 shares in the last quarter.

Matthews Emerging Markets ex China Active ETF Company Profile

The Matthews Emerging Markets Ex China Active ETF (MEMX) is an exchange-traded fund that is based on the MSCI Emerging Markets ex China index. The fund is an actively managed fund that invests in companies from emerging markets, excluding China, considered to have sustainable growth potential. MEMX was launched on Jan 11, 2023 and is managed by Matthews.