Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) Sees Significant Growth in Short Interest

Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 1,063 shares, an increase of 151.3% from the March 31st total of 423 shares. Based on an average daily trading volume, of 1,431 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the company’s shares are sold short.

Matthews Emerging Markets Discovery Active ETF Stock Performance

Shares of NASDAQ MEMS opened at $30.64 on Tuesday. Matthews Emerging Markets Discovery Active ETF has a 52-week low of $23.36 and a 52-week high of $30.75. The firm has a 50 day moving average price of $27.77 and a two-hundred day moving average price of $26.94. The stock has a market cap of $21.45 million, a P/E ratio of -117.85 and a beta of 0.41.

Hedge Funds Weigh In On Matthews Emerging Markets Discovery Active ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in MEMS. Jane Street Group LLC increased its position in 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 valued at $1,071,000 after acquiring an additional 24,113 shares during the period. Richardson Capital Management LLC increased its position in Matthews Emerging Markets Discovery Active ETF by 14.3% in the 3rd quarter. Richardson Capital Management LLC now owns 129,735 shares of the technology company’s stock valued at $3,475,000 after acquiring an additional 16,265 shares during the period. Finally, Cahill Financial Advisors Inc. increased its position 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 acquiring an additional 2,456 shares during the period. 15.59% of the stock is currently owned by institutional investors and hedge funds.

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.