KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Sees Significant Decrease in Short Interest

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 6,190 shares, a decrease of 49.1% from the July 15th total of 12,166 shares. Based on an average daily volume of 10,531 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are sold short.

KraneShares MSCI Emerging Markets ex China Index ETF Price Performance

Shares of KEMX stock traded up $0.40 on Monday, hitting $50.91. The company’s stock had a trading volume of 9,776 shares, compared to its average volume of 21,786. KraneShares MSCI Emerging Markets ex China Index ETF has a fifty-two week low of $32.12 and a fifty-two week high of $54.90. The firm’s fifty day moving average price is $50.15 and its 200-day moving average price is $46.65. The stock has a market capitalization of $132.37 million, a price-to-earnings ratio of 14.81 and a beta of 0.89.

Institutional Trading of KraneShares MSCI Emerging Markets ex China Index ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. bought a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the 1st quarter worth about $47,000. Susquehanna International Group LLP bought a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the 3rd quarter valued at approximately $248,000. SFG Wealth Management LLC. bought a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the 3rd quarter valued at approximately $377,000. Janney Montgomery Scott LLC lifted its holdings in 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 purchasing an additional 375 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in KraneShares MSCI Emerging Markets ex China Index ETF in the 1st quarter worth approximately $404,000.

KraneShares MSCI Emerging Markets ex China Index ETF Company Profile

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.