KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Stock Price Up 4.1% – Should You Buy?

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) shares rose 4.1% on Friday . The company traded as high as $17.73 and last traded at $17.73. Approximately 2,199 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 3,449 shares. The stock had previously closed at $17.03.

KraneShares Emerging Markets Consumer Technology ETF Trading Up 4.1 %

The stock has a market cap of $19.50 million, a P/E ratio of 16.66 and a beta of 0.79. The company has a 50 day simple moving average of $18.92 and a 200 day simple moving average of $18.12.

Institutional Investors Weigh In On KraneShares Emerging Markets Consumer Technology ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC boosted its stake in shares of KraneShares Emerging Markets Consumer Technology ETF by 100.3% in the 3rd quarter. Jane Street Group LLC now owns 13,611 shares of the company’s stock valued at $255,000 after purchasing an additional 4,630,689 shares in the last quarter. Susquehanna International Group LLP lifted its holdings in KraneShares Emerging Markets Consumer Technology ETF by 1.8% in the fourth quarter. Susquehanna International Group LLP now owns 561,416 shares of the company’s stock valued at $9,327,000 after buying an additional 10,184 shares during the period. Finally, GTS Securities LLC bought a new stake in KraneShares Emerging Markets Consumer Technology ETF in the fourth quarter worth approximately $422,000.

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.