KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Stock Price Up 1.3% – Time to Buy?

Shares of KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) were up 1.3% during trading on Thursday . The stock traded as high as $52.72 and last traded at $51.97. Approximately 14,628 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 25,284 shares. The stock had previously closed at $51.30.

KraneShares MSCI Emerging Markets ex China Index ETF Trading Down 1.0%

The firm has a market capitalization of $133.77 million, a PE ratio of 14.81 and a beta of 0.88. The stock’s 50 day moving average price is $49.49 and its two-hundred day moving average price is $43.77.

Institutional Investors Weigh In On KraneShares MSCI Emerging Markets ex China Index ETF

A number of large investors have recently bought and sold shares of KEMX. Jane Street Group LLC raised its holdings in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 49.9% in the first quarter. Jane Street Group LLC now owns 234,100 shares of the company’s stock worth $6,526,000 after acquiring an additional 77,922 shares during the last quarter. Systelligence LLC acquired a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the first quarter valued at $9,061,000. Thomasville National Bank boosted its stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 1.6% during the fourth quarter. Thomasville National Bank now owns 139,687 shares of the company’s stock valued at $5,180,000 after acquiring an additional 2,237 shares during the last quarter. LPL Financial LLC increased its position in KraneShares MSCI Emerging Markets ex China Index ETF by 28.2% during the 4th quarter. LPL Financial LLC now owns 39,187 shares of the company’s stock worth $1,453,000 after purchasing an additional 8,626 shares in the last quarter. Finally, Ascentis Independent Advisors purchased a new stake in KraneShares MSCI Emerging Markets ex China Index ETF during the 1st quarter worth about $1,114,000.

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.