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 growth in short interest in May. As of May 29th, there was short interest totaling 6,781 shares, a growth of 3,450.3% from the May 14th total of 191 shares. Based on an average daily trading volume, of 6,258 shares, the short-interest ratio is presently 1.1 days. Approximately 0.4% of the shares of the stock are short sold.

KraneShares Emerging Markets Consumer Technology ETF Stock Down 0.5%

Shares of KEMQ stock traded down $0.13 on Tuesday, reaching $24.88. The company’s stock had a trading volume of 3,509 shares, compared to its average volume of 23,192. KraneShares Emerging Markets Consumer Technology ETF has a 12-month low of $21.10 and a 12-month high of $28.47. The company has a market capitalization of $39.81 million, a P/E ratio of 18.05 and a beta of 0.90. The stock’s 50 day simple moving average is $24.56 and its 200-day simple moving average is $25.00.

Institutional Investors Weigh In On KraneShares Emerging Markets Consumer Technology ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in shares of KraneShares Emerging Markets Consumer Technology ETF in the second quarter worth $48,000. Tradition Wealth Management LLC raised its position 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 in the last quarter. Jane Street Group LLC raised its position 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 in the last quarter. Finally, LPL Financial LLC raised its position 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 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.