Short Interest in KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Expands By 136.3%

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) was the recipient of 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 company are short sold. Based on an average trading volume of 9,895 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Trading of KraneShares MSCI Emerging Markets ex China Index ETF

A number of hedge funds have recently made changes to their positions in KEMX. Cetera Investment Advisers acquired a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the 1st quarter worth approximately $404,000. PNC Financial Services Group Inc. bought a new position in KraneShares MSCI Emerging Markets ex China Index ETF during the first quarter worth $47,000. Ascentis Independent Advisors acquired a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the first quarter valued at $1,114,000. Systelligence LLC acquired a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the first quarter valued at $9,061,000. Finally, Jane Street Group LLC raised its position in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 22.6% in the fourth quarter. Jane Street Group LLC now owns 173,030 shares of the company’s stock valued at $6,416,000 after purchasing an additional 31,842 shares during the period.

KraneShares MSCI Emerging Markets ex China Index ETF Trading Down 2.7%

Shares of KraneShares MSCI Emerging Markets ex China Index ETF stock traded down $1.26 during trading on Wednesday, hitting $45.70. 7,327 shares of the stock were exchanged, compared to its average volume of 22,760. The company has a fifty day moving average price of $50.51 and a 200-day moving average price of $45.79. The stock has a market capitalization of $118.82 million, a price-to-earnings ratio of 14.81 and a beta of 0.88. KraneShares MSCI Emerging Markets ex China Index ETF has a 1-year low of $31.87 and a 1-year high of $54.90.

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.