KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Short Interest Down 97.2% in July

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,966 shares, a decrease of 97.2% from the July 15th total of 69,570 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 6,567 shares, the days-to-cover ratio is presently 0.3 days.

KraneShares Emerging Markets Consumer Technology ETF Trading Down 0.0%

Shares of KEMQ stock traded down $0.01 on Tuesday, reaching $26.41. The company’s stock had a trading volume of 6,183 shares, compared to its average volume of 20,523. The stock’s fifty day simple moving average is $25.50 and its 200-day simple moving average is $24.96. KraneShares Emerging Markets Consumer Technology ETF has a 1 year low of $21.79 and a 1 year high of $28.47. The company has a market capitalization of $26.41 million, a price-to-earnings ratio of 18.05 and a beta of 0.91.

Hedge Funds 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 business. Raymond James Financial Inc. bought a new stake in shares of KraneShares Emerging Markets Consumer Technology ETF in the 2nd quarter worth about $48,000. Tradition Wealth Management LLC lifted its holdings in shares of 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 valued at $417,000 after acquiring an additional 7,970 shares during the last quarter. Jane Street Group LLC grew its position in KraneShares Emerging Markets Consumer Technology ETF by 60.7% in the second quarter. Jane Street Group LLC now owns 23,586 shares of the company’s stock worth $531,000 after acquiring 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% in the fourth quarter. LPL Financial LLC now owns 584,373 shares of the company’s stock worth $14,405,000 after acquiring an additional 456,361 shares in the last quarter.

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.