Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX) Sees Large Drop in Short Interest

by · The Markets Daily

Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX – Get Free Report) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 3,245 shares, a decline of 58.1% from the August 31st total of 7,737 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 2,893 shares, the short-interest ratio is presently 1.1 days.

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

Institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its position 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 worth $457,000 after purchasing an additional 1,480 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Matthews Emerging Markets ex China Active ETF by 78.7% during the first quarter. International Assets Investment Management LLC now owns 4,068 shares of the company’s stock worth $164,000 after buying an additional 1,791 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Matthews Emerging Markets ex China Active ETF by 89.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 14,339 shares of the company’s stock worth $537,000 after acquiring an additional 6,769 shares during the last quarter. Finally, Ameritas Advisory Services LLC increased 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 worth $839,000 after purchasing an additional 8,715 shares in the last quarter.

Matthews Emerging Markets ex China Active ETF Trading Up 0.4%

Shares of Matthews Emerging Markets ex China Active ETF stock opened at $48.39 on Wednesday. Matthews Emerging Markets ex China Active ETF has a twelve month low of $34.74 and a twelve month high of $51.52. The company has a fifty day moving average price of $47.44 and a 200 day moving average price of $46.19. The stock has a market cap of $58.07 million, a price-to-earnings ratio of 16.84 and a beta of 0.95.

About Matthews Emerging Markets ex China Active ETF

(Get Free Report)

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.

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