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) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.80 and traded as high as $30.24. Matthews Emerging Markets Discovery Active ETF shares last traded at $30.12, with a volume of 822 shares.

Matthews Emerging Markets Discovery Active ETF Trading Up 2.4%

The company’s 50 day moving average is $27.47 and its 200 day moving average is $26.80. The company has a market cap of $21.08 million, a PE ratio of -115.85 and a beta of 0.41.

Hedge Funds Weigh In On Matthews Emerging Markets Discovery Active ETF

A number of institutional investors have recently modified their holdings of the stock. Jane Street Group LLC raised its stake in shares of 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 acquiring an additional 24,113 shares in the last quarter. Richardson Capital Management LLC grew its stake 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 worth $3,475,000 after purchasing an additional 16,265 shares in the last quarter. Finally, Cahill Financial Advisors Inc. increased its holdings in 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 worth $4,805,000 after purchasing an additional 4,124 shares during the period. 15.59% of the stock is owned by hedge funds and other 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.