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

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 934 shares, a drop of 77.2% from the May 31st total of 4,102 shares. Based on an average daily volume of 18,063 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On KraneShares MSCI Emerging Markets ex China Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cetera Investment Advisers purchased a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the 1st quarter valued at $404,000. PNC Financial Services Group Inc. acquired a new stake in KraneShares MSCI Emerging Markets ex China Index ETF during the first quarter worth about $47,000. Ascentis Independent Advisors acquired a new stake in KraneShares MSCI Emerging Markets ex China Index ETF during the first quarter worth about $1,114,000. Systelligence LLC purchased a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the 1st quarter worth about $9,061,000. Finally, Jane Street Group LLC raised its holdings in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 22.6% in the 4th quarter. Jane Street Group LLC now owns 173,030 shares of the company’s stock worth $6,416,000 after purchasing an additional 31,842 shares during the period.

KraneShares MSCI Emerging Markets ex China Index ETF Stock Performance

KEMX stock traded up $0.20 on Monday, reaching $51.65. The company had a trading volume of 7,239 shares, compared to its average volume of 25,046. The company’s fifty day moving average is $49.49 and its 200 day moving average is $43.82. The company has a market cap of $134.29 million, a P/E ratio of 14.81 and a beta of 0.88. KraneShares MSCI Emerging Markets ex China Index ETF has a 1 year low of $31.87 and a 1 year high of $54.90.

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.