Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Sees Large Growth in Short Interest

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 1,148 shares, a growth of 174.0% from the June 15th total of 419 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,012 shares, the days-to-cover ratio is presently 1.1 days.

Matthews Emerging Markets Discovery Active ETF Trading Down 2.8%

MEMS stock opened at $30.52 on Tuesday. Matthews Emerging Markets Discovery Active ETF has a 12-month low of $24.64 and a 12-month high of $32.56. The stock has a market cap of $21.36 million, a price-to-earnings ratio of -117.38 and a beta of 0.69. The business’s 50-day moving average is $31.28 and its 200 day moving average is $28.74.

Hedge Funds Weigh In On Matthews Emerging Markets Discovery Active ETF

Several hedge funds and other institutional investors have recently made changes to their positions in MEMS. Cahill Financial Advisors Inc. boosted its stake 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 worth $4,805,000 after acquiring an additional 4,124 shares during the last quarter. Richardson Capital Management LLC increased its position in shares of 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 worth $3,444,000 after purchasing an additional 5,421 shares in the last quarter. Pathway Financial Advisors LLC raised its stake in Matthews Emerging Markets Discovery Active ETF by 2.4% in the 2nd quarter. Pathway Financial Advisors LLC now owns 87,942 shares of the technology company’s stock valued at $2,775,000 after purchasing an additional 2,059 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in Matthews Emerging Markets Discovery Active ETF by 143.4% in the 2nd quarter. Jane Street Group LLC now owns 40,923 shares of the technology company’s stock valued at $1,071,000 after purchasing an additional 24,113 shares during the last quarter. Hedge funds and other institutional investors own 15.59% of the company’s stock.

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.