Short Interest in KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Rises By 451.2%

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 5,148 shares, an increase of 451.2% from the June 15th total of 934 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 10,351 shares, the days-to-cover ratio is currently 0.5 days.

KraneShares MSCI Emerging Markets ex China Index ETF Stock Performance

KraneShares MSCI Emerging Markets ex China Index ETF stock traded down $1.83 during trading hours on Monday, reaching $49.15. 13,066 shares of the company’s stock traded hands, compared to its average volume of 23,983. The firm has a market capitalization of $127.79 million, a price-to-earnings ratio of 14.81 and a beta of 0.88. KraneShares MSCI Emerging Markets ex China Index ETF has a fifty-two week low of $31.87 and a fifty-two week high of $54.90. The firm’s 50 day moving average is $50.54 and its 200-day moving average is $44.80.

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

Several large investors have recently bought and sold shares of KEMX. PNC Financial Services Group Inc. acquired a new stake in KraneShares MSCI Emerging Markets ex China Index ETF during the 1st quarter worth $47,000. IFP Advisors Inc lifted its stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 31.7% in the 3rd quarter. IFP Advisors Inc now owns 1,840 shares of the company’s stock valued at $64,000 after purchasing an additional 443 shares during the period. Susquehanna International Group LLP acquired a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the 3rd quarter valued at $248,000. SFG Wealth Management LLC. bought a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the 3rd quarter worth $377,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 3.6% in 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 last quarter.

About KraneShares MSCI Emerging Markets ex China Index ETF

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.