KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Sees Significant Decrease in Short Interest

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 191 shares, a decrease of 94.5% from the April 30th total of 3,490 shares. Based on an average trading volume of 13,262 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

KraneShares Emerging Markets Consumer Technology ETF Trading Down 0.3%

Shares of KEMQ stock traded down $0.08 during trading hours on Friday, hitting $25.74. 6,253 shares of the company were exchanged, compared to its average volume of 24,565. The business has a 50 day moving average of $24.11 and a two-hundred day moving average of $25.04. KraneShares Emerging Markets Consumer Technology ETF has a 52 week low of $19.80 and a 52 week high of $28.47. The company has a market capitalization of $41.18 million, a PE ratio of 18.05 and a beta of 0.90.

Institutional Investors Weigh In On KraneShares Emerging Markets Consumer Technology ETF

Several large investors have recently made changes to their positions in the stock. LPL Financial LLC increased its position in shares of KraneShares Emerging Markets Consumer Technology ETF by 356.5% during the fourth quarter. LPL Financial LLC now owns 584,373 shares of the company’s stock worth $14,405,000 after acquiring an additional 456,361 shares in the last quarter. Jane Street Group LLC increased its position in shares of KraneShares Emerging Markets Consumer Technology ETF by 100.0% during the fourth quarter. Jane Street Group LLC now owns 43,117 shares of the company’s stock worth $1,063,000 after acquiring an additional 21,556 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of KraneShares Emerging Markets Consumer Technology ETF by 1,863.3% during the third quarter. Raymond James Financial Inc. now owns 41,798 shares of the company’s stock worth $1,102,000 after acquiring an additional 39,669 shares in the last quarter. Finally, Tradition Wealth Management LLC increased its position in shares of KraneShares Emerging Markets Consumer Technology ETF by 89.2% during the fourth 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.

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.