Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $28.62 and traded as high as $30.65. Matthews Emerging Markets Discovery Active ETF shares last traded at $30.98, with a volume of 29 shares.

Matthews Emerging Markets Discovery Active ETF Price Performance

The firm’s 50-day moving average price is $31.25 and its 200 day moving average price is $28.62. The firm has a market cap of $21.69 million, a P/E ratio of -119.15 and a beta of 0.69.

Hedge Funds Weigh In On Matthews Emerging Markets Discovery Active ETF

A number of hedge funds have recently added to or reduced their stakes in MEMS. Jane Street Group LLC increased its stake 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 purchasing an additional 24,113 shares during the last quarter. Pathway Financial Advisors LLC raised its stake in Matthews Emerging Markets Discovery Active ETF by 2.4% during the second quarter. Pathway Financial Advisors LLC now owns 87,942 shares of the technology company’s stock worth $2,775,000 after acquiring an additional 2,059 shares during the period. Richardson Capital Management LLC lifted its holdings in Matthews Emerging Markets Discovery Active ETF by 4.2% in the fourth quarter. Richardson Capital Management LLC now owns 135,156 shares of the technology company’s stock worth $3,444,000 after acquiring an additional 5,421 shares during the last quarter. Finally, Cahill Financial Advisors Inc. lifted its holdings in 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. Institutional investors and hedge funds 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.