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

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.72 and traded as high as $28.15. Matthews Emerging Markets Discovery Active ETF shares last traded at $28.15, with a volume of 421 shares trading hands.

Matthews Emerging Markets Discovery Active ETF Trading Up 0.4%

The stock has a market capitalization of $19.71 million, a PE ratio of -108.27 and a beta of 0.41. The firm has a 50 day moving average price of $27.24 and a 200 day moving average price of $26.72.

Institutional Investors Weigh In On Matthews Emerging Markets Discovery Active ETF

Several hedge funds and other institutional investors have recently modified their holdings of MEMS. Jane Street Group LLC increased its stake in shares of 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 worth $1,071,000 after purchasing an additional 24,113 shares in the last quarter. Richardson Capital Management LLC increased its stake in shares of Matthews Emerging Markets Discovery Active ETF by 4.2% in the 4th 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. Finally, Cahill Financial Advisors Inc. increased its stake in shares of Matthews Emerging Markets Discovery Active ETF by 2.2% in the 4th quarter. Cahill Financial Advisors Inc. now owns 188,548 shares of the technology company’s stock worth $4,805,000 after purchasing an additional 4,124 shares in the last quarter. 15.59% of the stock is currently owned by hedge funds and other institutional investors.

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.