Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) Short Interest Update
by Renee Jackson · The Cerbat GemMatthews Emerging Markets Equity Active ETF (NYSEARCA:MEM – Get Free Report) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 13,218 shares, a decline of 20.7% from the March 15th total of 16,672 shares. Based on an average daily volume of 2,640 shares, the short-interest ratio is presently 5.0 days. Approximately 1.0% of the company’s shares are sold short.
Matthews Emerging Markets Equity Active ETF Stock Up 2.0%
Shares of Matthews Emerging Markets Equity Active ETF stock traded up $0.81 during trading on Friday, reaching $41.56. 3,531 shares of the company were exchanged, compared to its average volume of 6,294. Matthews Emerging Markets Equity Active ETF has a twelve month low of $28.22 and a twelve month high of $42.15. The business has a 50-day moving average price of $39.00 and a 200-day moving average price of $37.67. The firm has a market capitalization of $54.03 million, a price-to-earnings ratio of 15.50 and a beta of 0.85.
Institutional Investors Weigh In On Matthews Emerging Markets Equity Active ETF
Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its stake in shares of Matthews Emerging Markets Equity Active ETF by 15.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,989 shares of the company’s stock worth $71,000 after purchasing an additional 261 shares during the period. IFC Advisors LLC acquired a new stake in shares of Matthews Emerging Markets Equity Active ETF during the third quarter worth $238,000. Welch Financial Planning LLC acquired a new stake in shares of Matthews Emerging Markets Equity Active ETF during the fourth quarter worth $258,000. Raymond James Financial Inc. acquired a new stake in shares of Matthews Emerging Markets Equity Active ETF during the third quarter worth $302,000. Finally, OLD Mission Capital LLC grew its stake in shares of Matthews Emerging Markets Equity Active ETF by 148.6% during the fourth quarter. OLD Mission Capital LLC now owns 14,100 shares of the company’s stock worth $505,000 after purchasing an additional 8,428 shares during the period.
Matthews Emerging Markets Equity Active ETF Company Profile
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.