Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.78 and traded as high as $26.99. Matthews Emerging Markets Discovery Active ETF shares last traded at $26.89, with a volume of 893 shares.

Matthews Emerging Markets Discovery Active ETF Stock Performance

The company has a fifty day moving average price of $27.30 and a two-hundred day moving average price of $26.78. The company has a market cap of $18.82 million, a P/E ratio of -103.42 and a beta of 0.24.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC increased its position in shares of Matthews Emerging Markets Discovery Active ETF by 143.4% during the 2nd quarter. Jane Street Group LLC now owns 40,923 shares of the technology company’s stock worth $1,071,000 after purchasing an additional 24,113 shares during the last quarter. Richardson Capital Management LLC raised its stake in shares of Matthews Emerging Markets Discovery Active ETF by 14.3% during the 3rd quarter. Richardson Capital Management LLC now owns 129,735 shares of the technology company’s stock worth $3,475,000 after purchasing an additional 16,265 shares in the last quarter. Finally, Cahill Financial Advisors Inc. boosted its holdings in shares of Matthews Emerging Markets Discovery Active ETF by 1.3% in the 3rd quarter. Cahill Financial Advisors Inc. now owns 184,424 shares of the technology company’s stock valued at $4,939,000 after buying an additional 2,456 shares during the last quarter. 15.59% of the stock is currently owned by 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.