KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Short Interest Down 94.5% in May

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 191 shares, a decrease of 94.5% from the April 30th total of 3,490 shares. Based on an average daily trading volume, of 13,262 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On KraneShares Emerging Markets Consumer Technology ETF

A number of hedge funds have recently modified their holdings of KEMQ. Raymond James Financial Inc. bought a new stake in KraneShares Emerging Markets Consumer Technology ETF during the 2nd quarter worth approximately $48,000. Jane Street Group LLC grew its position in KraneShares Emerging Markets Consumer Technology ETF by 60.7% during the 2nd quarter. Jane Street Group LLC now owns 23,586 shares of the company’s stock worth $531,000 after acquiring an additional 8,910 shares during the last quarter. Tradition Wealth Management LLC grew its position in KraneShares Emerging Markets Consumer Technology ETF by 89.2% during the 4th quarter. Tradition Wealth Management LLC now owns 16,903 shares of the company’s stock worth $417,000 after acquiring an additional 7,970 shares during the last quarter. Finally, LPL Financial LLC grew its position in KraneShares Emerging Markets Consumer Technology ETF by 356.5% during the 4th quarter. LPL Financial LLC now owns 584,373 shares of the company’s stock worth $14,405,000 after acquiring an additional 456,361 shares during the last quarter.

KraneShares Emerging Markets Consumer Technology ETF Price Performance

Shares of KEMQ traded down $0.01 during mid-day trading on Wednesday, reaching $25.56. The company had a trading volume of 2,825 shares, compared to its average volume of 24,906. KraneShares Emerging Markets Consumer Technology ETF has a twelve month low of $19.80 and a twelve month high of $28.47. The company’s 50-day moving average is $24.02 and its 200-day moving average is $25.04. The company has a market capitalization of $40.90 million, a P/E 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.