KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX – Get Free Report)’s share price dropped 0.7% during mid-day trading on Tuesday. The stock traded as low as $52.66 and last traded at $52.69. 21,483 shares were traded during mid-day trading, an increase of 13% from the average daily volume of 19,033 shares. The stock had previously closed at $53.04.
KraneShares MSCI Emerging Markets ex China Index ETF Stock Performance
The stock has a market cap of $136.99 million, a PE ratio of 14.81 and a beta of 0.90. The business’s fifty day moving average price is $50.78 and its 200-day moving average price is $48.86.
Hedge Funds Weigh In On KraneShares MSCI Emerging Markets ex China Index ETF
Several large investors have recently made changes to their positions in KEMX. Systelligence LLC acquired a new stake in KraneShares MSCI Emerging Markets ex China Index ETF during the first quarter worth approximately $9,061,000. Ascentis Independent Advisors acquired a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the 1st quarter valued at $1,114,000. Cetera Investment Advisers purchased a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the 1st quarter valued at $404,000. Envestnet Asset Management Inc. purchased a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the 2nd quarter valued at $461,000. Finally, SFG Wealth Management LLC. raised its stake in KraneShares MSCI Emerging Markets ex China Index ETF by 78.3% during the 2nd quarter. SFG Wealth Management LLC. now owns 18,879 shares of the company’s stock worth $991,000 after acquiring an additional 8,292 shares in the last quarter.
About KraneShares MSCI Emerging Markets ex China Index ETF
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.
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