Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) 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 Up 3.4%

The company has a market capitalization of $18.82 million, a P/E ratio of -103.42 and a beta of 0.24. The business has a fifty day moving average price of $27.30 and a 200 day moving average price of $26.78.

Hedge Funds Weigh In On Matthews Emerging Markets Discovery Active ETF

Large investors have recently bought and sold shares of the company. Jane Street Group LLC grew its stake 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 acquiring an additional 24,113 shares in the last quarter. Richardson Capital Management LLC grew its position in Matthews Emerging Markets Discovery Active ETF by 14.3% in the third quarter. Richardson Capital Management LLC now owns 129,735 shares of the technology company’s stock valued at $3,475,000 after purchasing an additional 16,265 shares in the last quarter. Finally, Cahill Financial Advisors Inc. increased its stake in 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. Institutional investors and hedge funds 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.