KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 5,148 shares, a growth of 451.2% from the June 15th total of 934 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 10,351 shares, the short-interest ratio is presently 0.5 days.
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. Jane Street Group LLC increased its holdings in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 49.9% in the 1st quarter. Jane Street Group LLC now owns 234,100 shares of the company’s stock worth $6,526,000 after purchasing an additional 77,922 shares in the last quarter. Systelligence LLC bought a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the first quarter valued at $9,061,000. Thomasville National Bank lifted its holdings in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 1.6% during the fourth quarter. Thomasville National Bank now owns 139,687 shares of the company’s stock valued at $5,180,000 after purchasing an additional 2,237 shares in the last quarter. LPL Financial LLC boosted its position in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 28.2% during the fourth quarter. LPL Financial LLC now owns 39,187 shares of the company’s stock valued at $1,453,000 after buying an additional 8,626 shares during the last quarter. Finally, Ascentis Independent Advisors bought a new stake in KraneShares MSCI Emerging Markets ex China Index ETF in the 1st quarter worth about $1,114,000.
KraneShares MSCI Emerging Markets ex China Index ETF Stock Up 0.7%
Shares of NYSEARCA KEMX traded up $0.33 during midday trading on Friday, hitting $50.98. The stock had a trading volume of 5,227 shares, compared to its average volume of 24,072. The business’s 50 day moving average is $50.54 and its 200-day moving average is $44.74. KraneShares MSCI Emerging Markets ex China Index ETF has a 52 week low of $31.87 and a 52 week high of $54.90. The company has a market cap of $132.55 million, a P/E ratio of 14.81 and a beta of 0.88.
KraneShares MSCI Emerging Markets ex China Index ETF Company Profile
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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