KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Sees Significant Increase in Short Interest

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 5,148 shares, an increase of 451.2% from the June 15th total of 934 shares. Based on an average daily volume of 10,351 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are sold short.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KEMX. Cetera Investment Advisers purchased a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the 1st quarter valued at $404,000. PNC Financial Services Group Inc. bought a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the first quarter worth $47,000. Ascentis Independent Advisors bought a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the 1st quarter valued at about $1,114,000. Systelligence LLC bought a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the 1st quarter valued at about $9,061,000. Finally, Jane Street Group LLC grew its position in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 22.6% during the fourth quarter. Jane Street Group LLC now owns 173,030 shares of the company’s stock valued at $6,416,000 after purchasing an additional 31,842 shares in the last quarter.

KraneShares MSCI Emerging Markets ex China Index ETF Stock Up 0.7%

NYSEARCA:KEMX traded up $0.33 during mid-day trading on Friday, hitting $50.98. 5,227 shares of the company traded hands, compared to its average volume of 24,072. The stock’s fifty day moving average price is $50.54 and its 200-day moving average price is $44.74. The firm has a market cap of $132.55 million, a price-to-earnings ratio of 14.81 and a beta of 0.88. KraneShares MSCI Emerging Markets ex China Index ETF has a one year low of $31.87 and a one year high of $54.90.

KraneShares MSCI Emerging Markets ex China Index ETF Company Profile

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.