KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Short Interest Update

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 69,570 shares, a growth of 1,320.7% from the June 30th total of 4,897 shares. Based on an average daily volume of 10,729 shares, the short-interest ratio is currently 6.5 days. Approximately 7.0% of the company’s stock are sold short.

Institutional Investors Weigh In On KraneShares Emerging Markets Consumer Technology ETF

A number of institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in shares of KraneShares Emerging Markets Consumer Technology ETF during the second quarter valued at $48,000. Tradition Wealth Management LLC boosted 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 worth $417,000 after purchasing an additional 7,970 shares in the last quarter. Jane Street Group LLC boosted 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 worth $531,000 after purchasing an additional 8,910 shares in the last quarter. Finally, LPL Financial LLC grew its position in KraneShares Emerging Markets Consumer Technology ETF by 356.5% during the 4th quarter. LPL Financial LLC now owns 584,373 shares of the company’s stock valued at $14,405,000 after purchasing an additional 456,361 shares during the last quarter.

KraneShares Emerging Markets Consumer Technology ETF Stock Performance

Shares of KraneShares Emerging Markets Consumer Technology ETF stock traded down $0.40 during midday trading on Friday, hitting $24.45. The company had a trading volume of 2,636 shares, compared to its average volume of 21,742. KraneShares Emerging Markets Consumer Technology ETF has a 52-week low of $21.79 and a 52-week high of $28.47. The stock has a market capitalization of $24.45 million, a P/E ratio of 18.05 and a beta of 0.90. The company has a 50 day moving average of $25.43 and a 200 day moving average of $25.04.

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.