Matthews Emerging Markets ex China Active ETF (NYSEARCA:MEMX – Get Free Report) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,690 shares, an increase of 89.4% from the June 15th total of 1,420 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 2,483 shares, the days-to-cover ratio is presently 1.1 days.
Institutional Trading of Matthews Emerging Markets ex China Active ETF
Several hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new position in shares of Matthews Emerging Markets ex China Active ETF in the fourth quarter valued at approximately $85,000. Osaic Holdings Inc. acquired a new stake in shares of Matthews Emerging Markets ex China Active ETF during the second quarter worth $150,000. LPL Financial LLC acquired a new stake in shares of Matthews Emerging Markets ex China Active ETF during the fourth quarter worth $397,000. Rockefeller Capital Management L.P. lifted its position in 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 valued at $537,000 after acquiring an additional 6,769 shares in the last quarter. Finally, OLD Mission Capital LLC lifted its position in Matthews Emerging Markets ex China Active ETF by 19.4% in the 4th quarter. OLD Mission Capital LLC now owns 36,074 shares of the company’s stock valued at $1,350,000 after acquiring an additional 5,873 shares in the last quarter.
Matthews Emerging Markets ex China Active ETF Trading Down 2.2%
Shares of NYSEARCA:MEMX traded down $1.03 during trading on Thursday, hitting $45.47. 1,045 shares of the company’s stock traded hands, compared to its average volume of 4,239. Matthews Emerging Markets ex China Active ETF has a 52 week low of $32.53 and a 52 week high of $51.52. The company has a market cap of $45.47 million, a price-to-earnings ratio of 16.84 and a beta of 0.91. The company has a 50-day moving average price of $48.19 and a 200-day moving average price of $43.83.
About Matthews Emerging Markets ex China Active ETF
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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