Short Interest in KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Declines By 97.2%

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,966 shares, a decline of 97.2% from the July 15th total of 69,570 shares. Based on an average daily trading volume, of 6,567 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its position in shares of KraneShares Emerging Markets Consumer Technology ETF by 100.0% in the fourth quarter. Jane Street Group LLC now owns 43,117 shares of the company’s stock valued at $1,063,000 after buying an additional 21,556 shares during the last quarter. LPL Financial LLC boosted its position in KraneShares Emerging Markets Consumer Technology ETF by 356.5% during the fourth 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. Tradition Wealth Management LLC grew its stake 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 valued at $417,000 after acquiring an additional 7,970 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in 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.

KraneShares Emerging Markets Consumer Technology ETF Trading Down 0.2%

NYSEARCA:KEMQ traded down $0.06 during trading hours on Thursday, hitting $26.32. 579 shares of the stock were exchanged, compared to its average volume of 20,260. The firm’s fifty day moving average price is $25.50 and its 200 day moving average price is $24.96. KraneShares Emerging Markets Consumer Technology ETF has a 52-week low of $21.79 and a 52-week high of $28.47. The company has a market cap of $26.32 million, a P/E ratio of 18.05 and a beta of 0.91.

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.