KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Sees Significant Decline in Short Interest

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 6,190 shares, a drop of 49.1% from the July 15th total of 12,166 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 10,531 shares, the short-interest ratio is presently 0.6 days.

KraneShares MSCI Emerging Markets ex China Index ETF Stock Down 0.0%

KEMX traded down $0.01 on Friday, reaching $50.51. 7,084 shares of the company traded hands, compared to its average volume of 21,863. The company has a market cap of $131.33 million, a P/E ratio of 14.81 and a beta of 0.89. KraneShares MSCI Emerging Markets ex China Index ETF has a one year low of $32.12 and a one year high of $54.90. The firm has a fifty day simple moving average of $50.12 and a two-hundred day simple moving average of $46.59.

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

A number of institutional investors have recently modified their holdings of KEMX. PNC Financial Services Group Inc. bought a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the first quarter valued at approximately $47,000. Susquehanna International Group LLP bought a new position in KraneShares MSCI Emerging Markets ex China Index ETF in the third quarter worth approximately $248,000. Cetera Investment Advisers bought a new position in KraneShares MSCI Emerging Markets ex China Index ETF in the first quarter worth approximately $404,000. Janney Montgomery Scott LLC increased its holdings in KraneShares MSCI Emerging Markets ex China Index ETF by 3.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,853 shares of the company’s stock worth $402,000 after purchasing an additional 375 shares during the period. Finally, SFG Wealth Management LLC. purchased a new position in KraneShares MSCI Emerging Markets ex China Index ETF during the 3rd quarter worth $377,000.

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.