KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Short Interest Up 3,450.3% in May

by · The Cerbat Gem

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ – Get Free Report) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 6,781 shares, a growth of 3,450.3% from the May 14th total of 191 shares. Based on an average daily volume of 6,258 shares, the short-interest ratio is currently 1.1 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On KraneShares Emerging Markets Consumer Technology ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of KraneShares Emerging Markets Consumer Technology ETF during the second quarter valued at $48,000. Tradition Wealth Management LLC grew its position in shares of KraneShares Emerging Markets Consumer Technology ETF by 89.2% during the 4th quarter. Tradition Wealth Management LLC now owns 16,903 shares of the company’s stock worth $417,000 after buying an additional 7,970 shares during the period. Jane Street Group LLC raised its stake in shares of KraneShares Emerging Markets Consumer Technology ETF by 60.7% during the second quarter. Jane Street Group LLC now owns 23,586 shares of the company’s stock worth $531,000 after buying an additional 8,910 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in KraneShares Emerging Markets Consumer Technology ETF by 356.5% in the fourth 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 0.0%

Shares of KraneShares Emerging Markets Consumer Technology ETF stock traded down $0.01 during midday trading on Wednesday, reaching $24.87. The company had a trading volume of 267 shares, compared to its average volume of 22,982. The stock has a fifty day simple moving average of $24.56 and a 200 day simple moving average of $25.00. KraneShares Emerging Markets Consumer Technology ETF has a 1-year low of $21.10 and a 1-year high of $28.47. The company has a market capitalization of $39.79 million, a price-to-earnings ratio of 18.05 and a beta of 0.90.

About KraneShares Emerging Markets Consumer Technology ETF

(Get Free Report)

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.

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