Matthews Emerging Markets Equity Active ETF (NYSEARCA:MEM) Short Interest Down 87.3% in April
by Jessica Moore · The Cerbat GemMatthews Emerging Markets Equity Active ETF (NYSEARCA:MEM – Get Free Report) saw a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 1,684 shares, a drop of 87.3% from the March 31st total of 13,218 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 20,883 shares, the days-to-cover ratio is currently 0.1 days.
Matthews Emerging Markets Equity Active ETF Trading Up 2.7%
Shares of MEM traded up $1.09 during mid-day trading on Friday, reaching $41.94. The company had a trading volume of 1,932 shares, compared to its average volume of 6,043. The stock has a market cap of $54.52 million, a price-to-earnings ratio of 15.50 and a beta of 0.85. The firm has a fifty day simple moving average of $39.10 and a 200-day simple moving average of $37.84. Matthews Emerging Markets Equity Active ETF has a fifty-two week low of $29.15 and a fifty-two week high of $42.15.
Hedge Funds Weigh In On Matthews Emerging Markets Equity Active ETF
A number of hedge funds have recently made changes to their positions in the stock. Sierra Capital LLC boosted its holdings in shares of Matthews Emerging Markets Equity Active ETF by 3.6% in the 4th quarter. Sierra Capital LLC now owns 17,960 shares of the company’s stock valued at $643,000 after purchasing an additional 626 shares during the last quarter. OLD Mission Capital LLC raised its stake in shares of Matthews Emerging Markets Equity Active ETF by 148.6% in the 4th quarter. OLD Mission Capital LLC now owns 14,100 shares of the company’s stock valued at $505,000 after acquiring an additional 8,428 shares during the period. Osaic Holdings Inc. raised its stake in shares of Matthews Emerging Markets Equity Active ETF by 52.3% in the 4th quarter. Osaic Holdings Inc. now owns 27,349 shares of the company’s stock valued at $979,000 after acquiring an additional 9,388 shares during the period. IFC Advisors LLC raised its stake in shares of Matthews Emerging Markets Equity Active ETF by 209.4% in the 4th quarter. IFC Advisors LLC now owns 20,302 shares of the company’s stock valued at $727,000 after acquiring an additional 13,740 shares during the period. Finally, Palladiem LLC purchased a new position in shares of Matthews Emerging Markets Equity Active ETF in the 4th quarter valued at $3,106,000.
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.