Short Interest in Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Drops By 40.3%

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 632 shares, a drop of 40.3% from the May 14th total of 1,058 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 634 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of Matthews Emerging Markets Discovery Active ETF

Several institutional investors have recently made changes to their positions in MEMS. Cahill Financial Advisors Inc. raised its position in Matthews Emerging Markets Discovery Active ETF by 2.2% during the fourth quarter. Cahill Financial Advisors Inc. now owns 188,548 shares of the technology company’s stock valued at $4,805,000 after acquiring an additional 4,124 shares in the last quarter. Richardson Capital Management LLC raised its position in Matthews Emerging Markets Discovery Active ETF by 4.2% during the fourth quarter. Richardson Capital Management LLC now owns 135,156 shares of the technology company’s stock valued at $3,444,000 after acquiring an additional 5,421 shares in the last quarter. Finally, Jane Street Group LLC raised 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 valued at $1,071,000 after acquiring an additional 24,113 shares in the last quarter. 15.59% of the stock is currently owned by institutional investors and hedge funds.

Matthews Emerging Markets Discovery Active ETF Stock Performance

Shares of MEMS stock traded up $0.80 during trading on Monday, hitting $32.48. 1,352 shares of the company were exchanged, compared to its average volume of 1,239. The firm has a market capitalization of $22.74 million, a price-to-earnings ratio of -124.92 and a beta of 0.71. The business’s 50-day simple moving average is $30.22 and its 200 day simple moving average is $27.91. Matthews Emerging Markets Discovery Active ETF has a twelve month low of $24.64 and a twelve month high of $32.56.

About Matthews Emerging Markets Discovery Active ETF

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.