KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Sees Significant Decline in Short Interest

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 191 shares, a drop of 94.5% from the April 30th total of 3,490 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 13,262 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of KraneShares Emerging Markets Consumer Technology ETF

Several institutional investors and hedge funds have recently modified their holdings of KEMQ. Jane Street Group LLC grew its stake in KraneShares Emerging Markets Consumer Technology ETF by 100.0% during the fourth quarter. Jane Street Group LLC now owns 43,117 shares of the company’s stock valued at $1,063,000 after acquiring an additional 21,556 shares in the last quarter. LPL Financial LLC grew its stake in KraneShares Emerging Markets Consumer Technology ETF by 356.5% during the fourth quarter. LPL Financial LLC now owns 584,373 shares of the company’s stock valued at $14,405,000 after acquiring an additional 456,361 shares in the last quarter. Raymond James Financial Inc. grew its stake in KraneShares Emerging Markets Consumer Technology ETF by 1,863.3% during the third quarter. Raymond James Financial Inc. now owns 41,798 shares of the company’s stock valued at $1,102,000 after acquiring an additional 39,669 shares in the last quarter. Finally, Tradition Wealth Management LLC grew its stake in KraneShares Emerging Markets Consumer Technology ETF by 89.2% during the fourth quarter. Tradition Wealth Management LLC now owns 16,903 shares of the company’s stock valued at $417,000 after acquiring an additional 7,970 shares in the last quarter.

KraneShares Emerging Markets Consumer Technology ETF Price Performance

Shares of KEMQ stock traded up $0.26 on Thursday, hitting $25.82. 8,849 shares of the stock traded hands, compared to its average volume of 24,747. The firm has a market cap of $41.31 million, a price-to-earnings ratio of 18.05 and a beta of 0.90. KraneShares Emerging Markets Consumer Technology ETF has a 52 week low of $19.80 and a 52 week high of $28.47. The firm has a 50 day simple moving average of $24.02 and a two-hundred day simple moving average of $25.04.

About KraneShares Emerging Markets Consumer Technology ETF

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.