KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Stock Falls 0.6% – What’s Next?

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) shares fell 0.6% during trading on Tuesday. The company traded as low as $25.04 and last traded at $25.08. Approximately 694 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 16,649 shares. The stock had previously closed at $25.22.

KraneShares Emerging Markets Consumer Technology ETF Price Performance

The firm has a 50 day moving average price of $25.59 and a 200-day moving average price of $25.03. The firm has a market cap of $23.83 million, a price-to-earnings ratio of 18.05 and a beta of 0.90.

Hedge Funds Weigh In On KraneShares Emerging Markets Consumer Technology ETF

An institutional investor recently raised its stake in KraneShares Emerging Markets Consumer Technology ETF stock. Tradition Wealth Management LLC increased its stake in shares of KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) by 89.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,903 shares of the company’s stock after purchasing an additional 7,970 shares during the period. Tradition Wealth Management LLC owned approximately 0.99% of KraneShares Emerging Markets Consumer Technology ETF worth $417,000 as of its most recent SEC filing.

KraneShares Emerging Markets Consumer Technology ETF Company Profile

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.