KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Stock Price Down 0.6% – Here’s What Happened

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) shares traded down 0.6% on Tuesday . The stock traded as low as $25.54 and last traded at $25.61. 4,400 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 18,956 shares. The stock had previously closed at $25.76.

KraneShares Emerging Markets Consumer Technology ETF Price Performance

The company has a market capitalization of $25.61 million, a P/E ratio of 18.05 and a beta of 0.91. The stock’s 50 day simple moving average is $25.65 and its two-hundred day simple moving average is $24.89.

Hedge Funds Weigh In On KraneShares Emerging Markets Consumer Technology ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in KEMQ. LPL Financial LLC grew its position in shares of KraneShares Emerging Markets Consumer Technology ETF by 356.5% in the 4th 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 during the period. Jane Street Group LLC raised its stake in KraneShares Emerging Markets Consumer Technology ETF by 100.0% in the 4th quarter. Jane Street Group LLC now owns 43,117 shares of the company’s stock valued at $1,063,000 after acquiring an additional 21,556 shares during the period. Raymond James Financial Inc. lifted its position 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 worth $1,102,000 after acquiring an additional 39,669 shares during the last quarter. Finally, Tradition Wealth Management LLC boosted its position in shares of KraneShares Emerging Markets Consumer Technology ETF by 89.2% in the fourth quarter. Tradition Wealth Management LLC now owns 16,903 shares of the company’s stock valued at $417,000 after acquiring an additional 7,970 shares during the period.

KraneShares Emerging Markets Consumer Technology ETF Company Profile

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.