Short Interest in KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Expands By 3,450.3%

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 6,781 shares, an increase of 3,450.3% from the May 14th total of 191 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 6,258 shares, the short-interest ratio is currently 1.1 days.

Hedge Funds Weigh In On KraneShares Emerging Markets Consumer Technology ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in KraneShares Emerging Markets Consumer Technology ETF during the second quarter valued at $48,000. Tradition Wealth Management LLC grew its holdings in KraneShares Emerging Markets Consumer Technology ETF by 89.2% during 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 grew its holdings in KraneShares Emerging Markets Consumer Technology ETF by 60.7% during 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 grew its holdings 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 valued at $14,405,000 after purchasing an additional 456,361 shares during the period.

KraneShares Emerging Markets Consumer Technology ETF Trading Down 0.5%

Shares of KEMQ stock traded down $0.13 during trading on Tuesday, hitting $24.88. The company’s stock had a trading volume of 3,509 shares, compared to its average volume of 23,192. The company has a market cap of $39.81 million, a PE ratio of 18.05 and a beta of 0.90. The business has a fifty day moving average of $24.56 and a 200-day moving average of $25.00. KraneShares Emerging Markets Consumer Technology ETF has a 52 week low of $21.10 and a 52 week high of $28.47.

About KraneShares Emerging Markets Consumer Technology ETF

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.