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

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

KraneShares Emerging Markets Consumer Technology ETF Price Performance

Shares of KEMQ stock traded down $0.40 during trading hours on Friday, hitting $24.45. The stock had a trading volume of 2,636 shares, compared to its average volume of 21,742. The stock has a market capitalization of $24.45 million, a price-to-earnings ratio of 18.05 and a beta of 0.90. KraneShares Emerging Markets Consumer Technology ETF has a one year low of $21.79 and a one year high of $28.47. The stock’s 50-day moving average price is $25.43 and its two-hundred day moving average price is $25.04.

Institutional Trading of KraneShares Emerging Markets Consumer Technology ETF

Large investors have recently added to or reduced their stakes in the company. LPL Financial LLC boosted its position in shares of KraneShares Emerging Markets Consumer Technology ETF by 356.5% during the 4th 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 during the last quarter. Jane Street Group LLC raised its stake in KraneShares Emerging Markets Consumer Technology ETF by 100.0% during the fourth quarter. Jane Street Group LLC now owns 43,117 shares of the company’s stock valued at $1,063,000 after purchasing an additional 21,556 shares in the last quarter. Raymond James Financial Inc. raised its stake in KraneShares Emerging Markets Consumer Technology ETF by 1,863.3% during the third quarter. Raymond James Financial Inc. now owns 41,798 shares of the company’s stock valued at $1,102,000 after purchasing an additional 39,669 shares in the last quarter. Finally, Tradition Wealth Management LLC lifted 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 during 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.