KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Short Interest Up 1,320.7% in July

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 69,570 shares, a growth of 1,320.7% from the June 30th total of 4,897 shares. Based on an average trading volume of 10,729 shares, the short-interest ratio is currently 6.5 days. Currently, 7.0% of the company’s shares are sold short.

KraneShares Emerging Markets Consumer Technology ETF Trading Down 1.6%

Shares of NYSEARCA KEMQ traded down $0.40 during trading hours on Friday, reaching $24.45. The stock had a trading volume of 2,636 shares, compared to its average volume of 21,742. The firm has a market cap of $24.45 million, a price-to-earnings ratio of 18.05 and a beta of 0.90. The business’s fifty day moving average price is $25.43 and its two-hundred day moving average price is $25.04. KraneShares Emerging Markets Consumer Technology ETF has a 52-week low of $21.79 and a 52-week high of $28.47.

Institutional Investors Weigh In On KraneShares Emerging Markets Consumer Technology ETF

Several hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of KraneShares Emerging Markets Consumer Technology ETF in the 2nd quarter worth $48,000. Tradition Wealth Management LLC increased its stake in shares of 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 buying an additional 7,970 shares during the period. Jane Street Group LLC increased its stake in shares of 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 buying an additional 8,910 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of 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 acquiring an additional 456,361 shares in the last quarter.

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.