KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Shares Down 3.1% – What’s Next?

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) traded down 3.1% during trading on Thursday . The stock traded as low as $40.75 and last traded at $41.39. 22,337 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 31,671 shares. The stock had previously closed at $42.72.

KraneShares MSCI Emerging Markets ex China Index ETF Trading Down 1.3%

The firm’s 50 day moving average price is $41.41 and its two-hundred day moving average price is $37.56. The company has a market capitalization of $81.68 million, a P/E ratio of 14.81 and a beta of 0.82.

KraneShares MSCI Emerging Markets ex China Index ETF Cuts Dividend

The business also recently announced an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were paid a dividend of $0.0418 per share. This represents a dividend yield of 11.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. FAS Wealth Partners Inc. boosted its holdings in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 0.6% during the 3rd quarter. FAS Wealth Partners Inc. now owns 447,175 shares of the company’s stock valued at $15,475,000 after acquiring an additional 2,605 shares in the last quarter. Jane Street Group LLC raised its position in KraneShares MSCI Emerging Markets ex China Index ETF by 49.9% in the first quarter. Jane Street Group LLC now owns 234,100 shares of the company’s stock valued at $6,526,000 after purchasing an additional 77,922 shares during the last quarter. Thomasville National Bank raised its position in KraneShares MSCI Emerging Markets ex China Index ETF by 1.6% in the fourth quarter. Thomasville National Bank now owns 139,687 shares of the company’s stock valued at $5,180,000 after purchasing an additional 2,237 shares during the last quarter. LPL Financial LLC boosted its stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 28.2% during the fourth quarter. LPL Financial LLC now owns 39,187 shares of the company’s stock valued at $1,453,000 after purchasing an additional 8,626 shares in the last quarter. Finally, Flow Traders U.S. LLC boosted its stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 50.3% during the second quarter. Flow Traders U.S. LLC now owns 25,944 shares of the company’s stock valued at $837,000 after purchasing an additional 8,679 shares in the last quarter.

About KraneShares MSCI Emerging Markets ex China Index ETF

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.