KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ – Get Free Report) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1,966 shares, a decrease of 97.2% from the July 15th total of 69,570 shares. Based on an average daily volume of 6,567 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.
Institutional Trading of KraneShares Emerging Markets Consumer Technology ETF
Hedge funds have recently bought and sold shares of the stock. LPL Financial LLC boosted its holdings in shares of KraneShares Emerging Markets Consumer Technology ETF by 356.5% during the 4th quarter. LPL Financial LLC now owns 584,373 shares of the company’s stock valued at $14,405,000 after purchasing an additional 456,361 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of KraneShares Emerging Markets Consumer Technology ETF by 1,863.3% in the third quarter. Raymond James Financial Inc. now owns 41,798 shares of the company’s stock worth $1,102,000 after buying an additional 39,669 shares in the last quarter. Jane Street Group LLC lifted its position in shares of KraneShares Emerging Markets Consumer Technology ETF by 100.0% in the fourth quarter. Jane Street Group LLC now owns 43,117 shares of the company’s stock worth $1,063,000 after buying an additional 21,556 shares in the last quarter. Finally, Tradition Wealth Management LLC boosted its stake in KraneShares Emerging Markets Consumer Technology ETF by 89.2% during the fourth quarter. Tradition Wealth Management LLC now owns 16,903 shares of the company’s stock valued at $417,000 after buying an additional 7,970 shares during the last quarter.
KraneShares Emerging Markets Consumer Technology ETF Price Performance
Shares of KEMQ stock traded down $0.01 during mid-day trading on Tuesday, hitting $26.41. The company had a trading volume of 6,183 shares, compared to its average volume of 20,523. KraneShares Emerging Markets Consumer Technology ETF has a 52-week low of $21.79 and a 52-week high of $28.47. The stock’s 50 day moving average price is $25.50 and its 200-day moving average price is $24.96. The company has a market capitalization of $26.41 million, a P/E ratio of 18.05 and a beta of 0.91.
About KraneShares Emerging Markets Consumer Technology ETF
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.
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