Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Stock Passes Above 200-Day Moving Average – Here’s Why
by Scott Moore · The Cerbat GemMatthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.80 and traded as high as $30.24. Matthews Emerging Markets Discovery Active ETF shares last traded at $30.12, with a volume of 822 shares trading hands.
Matthews Emerging Markets Discovery Active ETF Stock Up 2.4%
The company has a market capitalization of $21.08 million, a PE ratio of -115.85 and a beta of 0.41. The company has a 50-day moving average price of $27.47 and a two-hundred day moving average price of $26.80.
Hedge Funds Weigh In On Matthews Emerging Markets Discovery Active ETF
Several hedge funds have recently made changes to their positions in the stock. Cahill Financial Advisors Inc. grew its position in shares of Matthews Emerging Markets Discovery Active ETF by 2.2% in the fourth quarter. Cahill Financial Advisors Inc. now owns 188,548 shares of the technology company’s stock valued at $4,805,000 after purchasing an additional 4,124 shares in the last quarter. Richardson Capital Management LLC grew its position in shares of Matthews Emerging Markets Discovery Active ETF by 4.2% in the fourth quarter. Richardson Capital Management LLC now owns 135,156 shares of the technology company’s stock valued at $3,444,000 after purchasing an additional 5,421 shares in the last quarter. Finally, Jane Street Group LLC grew its position in Matthews Emerging Markets Discovery Active ETF by 143.4% during the second quarter. Jane Street Group LLC now owns 40,923 shares of the technology company’s stock worth $1,071,000 after buying an additional 24,113 shares in the last quarter. 15.59% of the stock is currently owned by hedge funds and other institutional investors.
Matthews Emerging Markets Discovery Active ETF Company Profile
MEMSIC, Inc provides advanced semiconductor sensor and system solutions based on integrated micro electro-mechanical systems (MEMS), technology and mixed signal circuit design. The Company operates in two segments: semiconductor sensor products and sensor system solution products. Its semiconductor sensor products, which is based on MEMS technology and advanced, integrated circuit design. Its sensor system solution products, which incorporate sensors with on-board computing, wireless communications and systems and application software solutions.