KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Short Interest Update

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. purchased a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the first quarter worth approximately $47,000. IFP Advisors Inc increased its stake in 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 buying an additional 443 shares during the period. Susquehanna International Group LLP acquired a new position in KraneShares MSCI Emerging Markets ex China Index ETF in the 3rd quarter valued at $248,000. SFG Wealth Management LLC. purchased a new position in KraneShares MSCI Emerging Markets ex China Index ETF during the 3rd quarter worth $377,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 3.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,853 shares of the company’s stock worth $402,000 after acquiring an additional 375 shares during the period.

KraneShares MSCI Emerging Markets ex China Index ETF Trading Up 4.0%

Shares of NYSEARCA KEMX traded up $1.84 during midday trading on Thursday, reaching $47.54. 8,955 shares of the company were exchanged, compared to its average volume of 22,663. The stock has a market cap of $123.60 million, a P/E ratio of 14.81 and a beta of 0.88. 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 stock has a fifty day simple moving average of $50.51 and a 200 day simple moving average of $45.79.

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.