KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Trading 1.5% Higher – Here’s Why

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) shot up 1.5% during trading on Tuesday . The company traded as high as $25.01 and last traded at $24.98. 1,984 shares were traded during mid-day trading, a decline of 93% from the average session volume of 27,302 shares. The stock had previously closed at $24.62.

KraneShares Emerging Markets Consumer Technology ETF Price Performance

The company has a market capitalization of $39.97 million, a price-to-earnings ratio of 18.05 and a beta of 0.90. The business’s 50 day simple moving average is $23.66 and its 200 day simple moving average is $25.19.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KEMQ. Raymond James Financial Inc. acquired a new position in KraneShares Emerging Markets Consumer Technology ETF in the second quarter valued at $48,000. Tradition Wealth Management LLC increased its stake in KraneShares Emerging Markets Consumer Technology ETF by 89.2% in the fourth quarter. Tradition Wealth Management LLC now owns 16,903 shares of the company’s stock valued at $417,000 after purchasing an additional 7,970 shares during the period. Jane Street Group LLC increased its stake in KraneShares Emerging Markets Consumer Technology ETF by 60.7% in the second quarter. Jane Street Group LLC now owns 23,586 shares of the company’s stock valued at $531,000 after purchasing an additional 8,910 shares during the period. Finally, LPL Financial LLC increased its stake in KraneShares Emerging Markets Consumer Technology ETF by 356.5% in the fourth quarter. LPL Financial LLC now owns 584,373 shares of the company’s stock valued at $14,405,000 after purchasing an additional 456,361 shares during the period.

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.