Short Interest in KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Decreases By 88.7%

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 3,490 shares, a decrease of 88.7% from the April 15th total of 30,773 shares. Based on an average daily volume of 9,667 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KEMQ. LPL Financial LLC lifted its stake in shares of KraneShares Emerging Markets Consumer Technology ETF by 356.5% in the 4th quarter. LPL Financial LLC now owns 584,373 shares of the company’s stock valued at $14,405,000 after acquiring an additional 456,361 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of KraneShares Emerging Markets Consumer Technology ETF by 1,863.3% in the 3rd quarter. Raymond James Financial Inc. now owns 41,798 shares of the company’s stock valued at $1,102,000 after acquiring an additional 39,669 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of KraneShares Emerging Markets Consumer Technology ETF by 100.0% in the 4th quarter. Jane Street Group LLC now owns 43,117 shares of the company’s stock valued at $1,063,000 after acquiring an additional 21,556 shares during the last quarter. Finally, Tradition Wealth Management LLC lifted its stake 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.

KraneShares Emerging Markets Consumer Technology ETF Trading Down 2.7%

NYSEARCA KEMQ traded down $0.69 on Tuesday, hitting $25.09. 26,690 shares of the company’s stock were exchanged, compared to its average volume of 26,627. The stock has a 50-day moving average of $23.67 and a 200-day moving average of $25.18. KraneShares Emerging Markets Consumer Technology ETF has a 52 week low of $19.80 and a 52 week high of $28.47. The stock has a market cap of $40.14 million, a price-to-earnings ratio of 18.05 and a beta of 0.90.

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.