Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Stock Short Interest Declines 70.7%

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) was the target of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 462 shares, a drop of 70.7% from the October 15th total of 1,579 shares. Based on an average daily volume of 355 shares, the short-interest ratio is currently 1.3 days. Currently, 0.1% of the company’s shares are sold short.

Matthews Emerging Markets Discovery Active ETF Stock Performance

Shares of Matthews Emerging Markets Discovery Active ETF stock traded down $0.07 on Friday, reaching $27.27. 733 shares of the company’s stock were exchanged, compared to its average volume of 1,091. The company has a market capitalization of $19.09 million, a P/E ratio of -104.90 and a beta of 0.81. Matthews Emerging Markets Discovery Active ETF has a 52 week low of $24.64 and a 52 week high of $32.56. The firm’s 50-day moving average is $29.40 and its two-hundred day moving average is $29.48.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Matthews Emerging Markets Discovery Active ETF stock. Richardson Capital Management LLC raised its stake in Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) by 4.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 155,281 shares of the technology company’s stock after purchasing an additional 6,180 shares during the period. Matthews Emerging Markets Discovery Active ETF accounts for 2.0% of Richardson Capital Management LLC’s holdings, making the stock its 9th biggest holding. Richardson Capital Management LLC owned 21.57% of Matthews Emerging Markets Discovery Active ETF worth $4,674,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 15.59% of the company’s stock.

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.