KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Stock Price Up 1.3% – Here’s Why

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) rose 1.3% on Thursday . The company traded as high as $52.72 and last traded at $51.97. 14,628 shares changed hands during trading, a decline of 42% from the average session volume of 25,284 shares. The stock had previously closed at $51.30.

KraneShares MSCI Emerging Markets ex China Index ETF Stock Performance

The firm has a market capitalization of $135.12 million, a PE ratio of 14.81 and a beta of 0.88. The company has a fifty day simple moving average of $49.36 and a two-hundred day simple moving average of $43.72.

Institutional Trading of KraneShares MSCI Emerging Markets ex China Index ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC grew its holdings in KraneShares MSCI Emerging Markets ex China Index ETF by 49.9% during the 1st quarter. Jane Street Group LLC now owns 234,100 shares of the company’s stock worth $6,526,000 after acquiring an additional 77,922 shares in the last quarter. SFG Wealth Management LLC. bought a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the 3rd quarter valued at about $377,000. Susquehanna International Group LLP bought a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the 3rd quarter valued at about $248,000. IFP Advisors Inc raised its holdings in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 31.7% in the 3rd quarter. IFP Advisors Inc now owns 1,840 shares of the company’s stock valued at $64,000 after purchasing an additional 443 shares in the last quarter. Finally, Thomasville National Bank lifted its position in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 1.6% in the 4th quarter. Thomasville National Bank now owns 139,687 shares of the company’s stock worth $5,180,000 after purchasing an additional 2,237 shares during the period.

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.