Short Interest in KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Expands By 128.2%

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 308,800 shares, an increase of 128.2% from the September 30th total of 135,300 shares. Currently, 18.2% of the company’s shares are sold short. Based on an average daily trading volume, of 16,500 shares, the days-to-cover ratio is currently 18.7 days. Based on an average daily trading volume, of 16,500 shares, the days-to-cover ratio is currently 18.7 days. Currently, 18.2% of the company’s shares are sold short.

KraneShares Emerging Markets Consumer Technology ETF Trading Down 2.3%

Shares of NYSEARCA:KEMQ opened at $26.80 on Friday. The business has a 50-day moving average price of $25.68 and a 200 day moving average price of $22.71. The company has a market capitalization of $45.56 million, a price-to-earnings ratio of 18.05 and a beta of 0.83. KraneShares Emerging Markets Consumer Technology ETF has a 12-month low of $15.95 and a 12-month high of $27.59.

Hedge Funds Weigh In On KraneShares Emerging Markets Consumer Technology ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of KraneShares Emerging Markets Consumer Technology ETF in the 2nd quarter valued at about $48,000. Jane Street Group LLC lifted its stake in KraneShares Emerging Markets Consumer Technology ETF by 60.7% during the second quarter. Jane Street Group LLC now owns 23,586 shares of the company’s stock worth $531,000 after purchasing an additional 8,910 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in KraneShares Emerging Markets Consumer Technology ETF in the first quarter valued at approximately $919,000.

KraneShares Emerging Markets Consumer Technology ETF Company Profile

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.