KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Short Interest Update

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,966 shares, a drop of 97.2% from the July 15th total of 69,570 shares. Based on an average daily trading volume, of 6,567 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

KraneShares Emerging Markets Consumer Technology ETF Stock Performance

NYSEARCA KEMQ remained flat at $26.41 on Wednesday. 6,183 shares of the company’s stock traded hands, compared to its average volume of 20,523. The stock’s fifty day simple moving average is $25.50 and its 200-day simple moving average is $24.96. The company has a market capitalization of $26.41 million, a price-to-earnings ratio of 18.05 and a beta of 0.91. KraneShares Emerging Markets Consumer Technology ETF has a 1 year low of $21.79 and a 1 year high of $28.47.

Institutional Trading of KraneShares Emerging Markets Consumer Technology ETF

A number of 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 in the 2nd quarter valued at $48,000. Tradition Wealth Management LLC raised its position in shares of KraneShares Emerging Markets Consumer Technology ETF by 89.2% in the 4th quarter. Tradition Wealth Management LLC now owns 16,903 shares of the company’s stock worth $417,000 after acquiring an additional 7,970 shares in the last quarter. Jane Street Group LLC lifted 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 valued at $531,000 after purchasing an additional 8,910 shares during the period. Finally, LPL Financial LLC lifted its stake in shares of KraneShares Emerging Markets Consumer Technology ETF by 356.5% in 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 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.