KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Short Interest Up 28.9% in January

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 60,364 shares, an increase of 28.9% from the January 15th total of 46,847 shares. Based on an average trading volume of 68,850 shares, the days-to-cover ratio is currently 0.9 days. Approximately 3.6% of the company’s stock are sold short. Approximately 3.6% of the company’s stock are sold short. Based on an average trading volume of 68,850 shares, the days-to-cover ratio is currently 0.9 days.

KraneShares Emerging Markets Consumer Technology ETF Trading Up 0.4%

Shares of NYSEARCA KEMQ traded up $0.09 during midday trading on Tuesday, reaching $25.46. The company’s stock had a trading volume of 10,356 shares, compared to its average volume of 39,880. KraneShares Emerging Markets Consumer Technology ETF has a fifty-two week low of $15.95 and a fifty-two week high of $28.47. The stock has a market capitalization of $43.28 million, a price-to-earnings ratio of 18.05 and a beta of 0.83. The stock has a 50 day simple moving average of $25.92 and a 200-day simple moving average of $25.55.

KraneShares Emerging Markets Consumer Technology ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 22nd were given a dividend of $1.2982 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a dividend yield of 529.0%.

Hedge Funds Weigh In On KraneShares Emerging Markets Consumer Technology ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in KraneShares Emerging Markets Consumer Technology ETF in the 2nd quarter valued at about $48,000. Tradition Wealth Management LLC raised its stake in KraneShares Emerging Markets Consumer Technology ETF by 89.2% in the fourth quarter. Tradition Wealth Management LLC now owns 16,903 shares of the company’s stock valued at $417,000 after buying an additional 7,970 shares during the period. Jane Street Group LLC lifted its position in shares of 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 valued at $531,000 after buying an additional 8,910 shares during the last quarter. Finally, LPL Financial LLC lifted its position in shares of 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 valued at $14,405,000 after buying an additional 456,361 shares during 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.