Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $28.93 and traded as high as $30.02. Matthews Emerging Markets Discovery Active ETF shares last traded at $29.98, with a volume of 6,560 shares trading hands.

Matthews Emerging Markets Discovery Active ETF Stock Up 1.9%

The firm has a market capitalization of $20.99 million, a P/E ratio of -115.31 and a beta of 0.69. The firm’s 50-day simple moving average is $31.07 and its 200-day simple moving average is $28.93.

Institutional Trading of Matthews Emerging Markets Discovery Active ETF

Hedge funds have recently made changes to their positions in the stock. Pathway Financial Advisors LLC grew its position in Matthews Emerging Markets Discovery Active ETF by 2.4% in 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 in the last quarter. Cahill Financial Advisors Inc. increased its position in shares of Matthews Emerging Markets Discovery Active ETF by 2.2% during the 4th quarter. Cahill Financial Advisors Inc. now owns 188,548 shares of the technology company’s stock valued at $4,805,000 after purchasing 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 4th quarter. Richardson Capital Management LLC now owns 135,156 shares of the technology company’s stock valued at $3,444,000 after purchasing an additional 5,421 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings 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 valued at $1,071,000 after buying an additional 24,113 shares in the last quarter. 15.59% of the stock is 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.