Short Interest in KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Drops By 88.7%

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 3,490 shares, a drop of 88.7% from the April 15th total of 30,773 shares. Based on an average daily trading volume, of 9,667 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in KraneShares Emerging Markets Consumer Technology ETF in the 2nd quarter valued at approximately $48,000. Tradition Wealth Management LLC increased its stake in 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 valued at $417,000 after buying an additional 7,970 shares during the period. Jane Street Group LLC increased its stake in 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 buying an additional 8,910 shares during the period. Finally, LPL Financial LLC increased its stake in 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 buying an additional 456,361 shares during the period.

KraneShares Emerging Markets Consumer Technology ETF Trading Down 0.8%

Shares of KEMQ traded down $0.22 during midday trading on Thursday, hitting $25.86. The stock had a trading volume of 8,358 shares, compared to its average volume of 26,252. KraneShares Emerging Markets Consumer Technology ETF has a fifty-two week low of $19.80 and a fifty-two week high of $28.47. The business has a 50-day simple moving average of $23.68 and a two-hundred day simple moving average of $25.17. The firm has a market cap of $41.38 million, a P/E ratio of 18.05 and a beta of 0.90.

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.