KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Trading Up 0.2% – Should You Buy?

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX)’s stock price rose 0.2% on Thursday . The stock traded as high as $45.22 and last traded at $45.20. Approximately 8,945 shares traded hands during trading, a decline of 74% from the average daily volume of 34,060 shares. The stock had previously closed at $45.09.

KraneShares MSCI Emerging Markets ex China Index ETF Stock Up 0.2%

The firm’s fifty day simple moving average is $42.45 and its 200-day simple moving average is $39.16. The firm has a market capitalization of $117.52 million, a PE ratio of 14.81 and a beta of 0.79.

Hedge Funds Weigh In On KraneShares MSCI Emerging Markets ex China Index ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KEMX. Janney Montgomery Scott LLC lifted its position in KraneShares MSCI Emerging Markets ex China Index ETF by 3.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,853 shares of the company’s stock valued at $402,000 after purchasing an additional 375 shares during the period. IFP Advisors Inc grew its position in KraneShares MSCI Emerging Markets ex China Index ETF by 31.7% in the 3rd quarter. IFP Advisors Inc now owns 1,840 shares of the company’s stock worth $64,000 after purchasing an additional 443 shares during the period. Atwood & Palmer Inc. grew its position in KraneShares MSCI Emerging Markets ex China Index ETF by 1,852.1% in the 3rd quarter. Atwood & Palmer Inc. now owns 2,284 shares of the company’s stock worth $79,000 after purchasing an additional 2,167 shares during the period. Thomasville National Bank raised its stake in KraneShares MSCI Emerging Markets ex China Index ETF by 1.6% during the 4th quarter. Thomasville National Bank now owns 139,687 shares of the company’s stock valued at $5,180,000 after buying an additional 2,237 shares during the last quarter. Finally, FAS Wealth Partners Inc. lifted its holdings in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 0.6% during the 3rd quarter. FAS Wealth Partners Inc. now owns 447,175 shares of the company’s stock valued at $15,475,000 after buying an additional 2,605 shares during the period.

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.