KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX – Get Free Report) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 12,166 shares, an increase of 136.3% from the June 30th total of 5,148 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 9,895 shares, the short-interest ratio is presently 1.2 days.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in KEMX. PNC Financial Services Group Inc. purchased a new stake in KraneShares MSCI Emerging Markets ex China Index ETF during the first quarter valued at about $47,000. IFP Advisors Inc raised its holdings in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 31.7% during the 3rd quarter. IFP Advisors Inc now owns 1,840 shares of the company’s stock valued at $64,000 after buying an additional 443 shares in the last quarter. Susquehanna International Group LLP bought a new stake in KraneShares MSCI Emerging Markets ex China Index ETF in the 3rd quarter worth approximately $248,000. SFG Wealth Management LLC. bought a new stake in KraneShares MSCI Emerging Markets ex China Index ETF in the 3rd quarter worth approximately $377,000. Finally, Janney Montgomery Scott LLC boosted its stake in KraneShares MSCI Emerging Markets ex China Index ETF by 3.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,853 shares of the company’s stock worth $402,000 after buying an additional 375 shares in the last quarter.
KraneShares MSCI Emerging Markets ex China Index ETF Price Performance
Shares of KraneShares MSCI Emerging Markets ex China Index ETF stock opened at $47.91 on Tuesday. KraneShares MSCI Emerging Markets ex China Index ETF has a 1 year low of $31.87 and a 1 year high of $54.90. The firm has a market cap of $124.57 million, a PE ratio of 14.81 and a beta of 0.88. The company has a 50 day simple moving average of $50.56 and a two-hundred day simple moving average of $45.69.
About KraneShares MSCI Emerging Markets ex China Index ETF
The KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) is an exchange-traded fund that is based on the MSCI Emerging Markets ex China index. The fund tracks the investment results of an index focused on large-cap and mid-cap companies within emerging market countries, excluding China. KEMX was launched on Apr 12, 2019 and is managed by KraneShares.
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