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

Shares of Matthews Emerging Markets Discovery Active ETF (NASDAQ:MEMS) crossed 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 changing hands.

Matthews Emerging Markets Discovery Active ETF Stock Up 1.9%

The stock has a market cap of $20.99 million, a PE ratio of -115.31 and a beta of 0.69. The firm has a 50-day simple moving average of $31.07 and a 200-day simple moving average of $28.93.

Institutional Trading of Matthews Emerging Markets Discovery Active ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC lifted its holdings in 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 purchasing an additional 24,113 shares in the last quarter. Pathway Financial Advisors LLC grew its holdings in Matthews Emerging Markets Discovery Active ETF by 2.4% during the 2nd quarter. Pathway Financial Advisors LLC now owns 87,942 shares of the technology company’s stock valued at $2,775,000 after buying an additional 2,059 shares in the last quarter. Richardson Capital Management LLC increased its position in shares of Matthews Emerging Markets Discovery Active ETF by 4.2% during the fourth quarter. Richardson Capital Management LLC now owns 135,156 shares of the technology company’s stock valued at $3,444,000 after buying an additional 5,421 shares during the period. Finally, Cahill Financial Advisors Inc. increased its position in shares of Matthews Emerging Markets Discovery Active ETF by 2.2% during the fourth quarter. Cahill Financial Advisors Inc. now owns 188,548 shares of the technology company’s stock valued at $4,805,000 after buying an additional 4,124 shares during the period. 15.59% of the stock is currently owned by 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.