KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Sees Large Increase in Short Interest

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 69,570 shares, a growth of 1,320.7% from the June 30th total of 4,897 shares. Based on an average daily trading volume, of 10,729 shares, the days-to-cover ratio is currently 6.5 days. Currently, 7.0% of the company’s shares are short sold.

KraneShares Emerging Markets Consumer Technology ETF Trading Down 1.6%

KraneShares Emerging Markets Consumer Technology ETF stock traded down $0.40 during trading hours on Friday, hitting $24.45. 2,636 shares of the stock traded hands, compared to its average volume of 21,742. KraneShares Emerging Markets Consumer Technology ETF has a one year low of $21.79 and a one year high of $28.47. The firm’s 50-day moving average price is $25.43 and its two-hundred day moving average price is $25.04. The company has a market cap of $24.45 million, a PE ratio of 18.05 and a beta of 0.90.

Hedge Funds Weigh In On KraneShares Emerging Markets Consumer Technology ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in KEMQ. Raymond James Financial Inc. bought a new stake in shares of KraneShares Emerging Markets Consumer Technology ETF during the 2nd quarter valued at $48,000. Jane Street Group LLC increased its stake in shares of KraneShares Emerging Markets Consumer Technology ETF by 60.7% in 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. Tradition Wealth Management LLC lifted its position 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 valued at $417,000 after acquiring an additional 7,970 shares during the period. Finally, LPL Financial LLC lifted its position in 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 acquiring an additional 456,361 shares during the period.

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.