KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Shares Up 0.6% – Time to Buy?

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) shot up 0.6% during mid-day trading on Monday . The company traded as high as $23.58 and last traded at $23.58. 18,510 shares were traded during trading, a decline of 41% from the average session volume of 31,573 shares. The stock had previously closed at $23.44.

KraneShares Emerging Markets Consumer Technology ETF Trading Up 1.8%

The firm has a market cap of $50.42 million, a PE ratio of 18.05 and a beta of 0.90. The business has a fifty day moving average price of $23.96 and a 200 day moving average price of $25.38.

Hedge Funds Weigh In On KraneShares Emerging Markets Consumer Technology ETF

Several hedge funds have recently added to or reduced their stakes in KEMQ. Raymond James Financial Inc. purchased a new stake in shares of KraneShares Emerging Markets Consumer Technology ETF during the 2nd quarter worth approximately $48,000. Tradition Wealth Management LLC raised its stake in KraneShares Emerging Markets Consumer Technology ETF by 89.2% during the 4th quarter. Tradition Wealth Management LLC now owns 16,903 shares of the company’s stock worth $417,000 after acquiring an additional 7,970 shares in the last quarter. Jane Street Group LLC raised its stake in KraneShares Emerging Markets Consumer Technology ETF by 60.7% during the 2nd quarter. Jane Street Group LLC now owns 23,586 shares of the company’s stock worth $531,000 after acquiring an additional 8,910 shares in the last quarter. Finally, LPL Financial LLC lifted its position in KraneShares Emerging Markets Consumer Technology ETF by 356.5% in the fourth quarter. LPL Financial LLC now owns 584,373 shares of the company’s stock valued at $14,405,000 after acquiring an additional 456,361 shares during the last quarter.

KraneShares Emerging Markets Consumer Technology ETF Company Profile

The KraneShares Emerging Markets Consumer Technology Index ETF (KEMQ) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a committee-selected, tier-weighted index of 50 emerging market technology companies. KEMQ was launched on Oct 11, 2017 and is managed by KraneShares.