KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Short Interest Down 49.1% in July

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. acquired a new stake in KraneShares MSCI Emerging Markets ex China Index ETF in the 1st quarter valued at about $47,000. Susquehanna International Group LLP acquired a new stake in KraneShares MSCI Emerging Markets ex China Index ETF during the third quarter valued at approximately $248,000. SFG Wealth Management LLC. acquired a new position in KraneShares MSCI Emerging Markets ex China Index ETF in the third quarter worth approximately $377,000. Janney Montgomery Scott LLC lifted its position in shares of 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 valued at $402,000 after acquiring an additional 375 shares during the last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the 1st quarter worth $404,000.

KraneShares MSCI Emerging Markets ex China Index ETF Stock Down 3.4%

NYSEARCA KEMX traded down $1.74 on Tuesday, reaching $49.17. 4,325 shares of the stock traded hands, compared to its average volume of 21,674. KraneShares MSCI Emerging Markets ex China Index ETF has a 12 month low of $32.12 and a 12 month high of $54.90. The firm’s fifty day simple moving average is $50.15 and its 200 day simple moving average is $46.65. The company has a market cap of $127.84 million, a price-to-earnings ratio of 14.81 and a beta of 0.89.

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.