KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Sees Significant Growth in Short Interest

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 12,166 shares, an increase of 136.3% from the June 30th total of 5,148 shares. Based on an average trading volume of 9,895 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Trading of KraneShares MSCI Emerging Markets ex China Index ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of KEMX. Cetera Investment Advisers bought a new position in KraneShares MSCI Emerging Markets ex China Index ETF in the 1st quarter valued at $404,000. PNC Financial Services Group Inc. bought a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the first quarter worth $47,000. Ascentis Independent Advisors purchased a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the first quarter worth $1,114,000. Systelligence LLC purchased a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the first quarter worth $9,061,000. Finally, Jane Street Group LLC boosted its stake in KraneShares MSCI Emerging Markets ex China Index ETF by 22.6% during the fourth quarter. Jane Street Group LLC now owns 173,030 shares of the company’s stock valued at $6,416,000 after buying an additional 31,842 shares during the period.

KraneShares MSCI Emerging Markets ex China Index ETF Stock Performance

KraneShares MSCI Emerging Markets ex China Index ETF stock opened at $47.91 on Tuesday. KraneShares MSCI Emerging Markets ex China Index ETF has a 1-year low of $31.87 and a 1-year high of $54.90. The firm has a market capitalization of $124.57 million, a price-to-earnings ratio of 14.81 and a beta of 0.88. The firm has a 50 day simple moving average of $50.56 and a 200 day simple moving average of $45.69.

KraneShares MSCI Emerging Markets ex China Index ETF Company Profile

The KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) is an exchange-traded fund that is based on the MSCI Emerging Markets ex China index. The fund tracks the investment results of an index focused on large-cap and mid-cap companies within emerging market countries, excluding China. KEMX was launched on Apr 12, 2019 and is managed by KraneShares.