KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Sees Large Decline in Short Interest

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) was the recipient of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 32,456 shares, a decrease of 46.2% from the January 29th total of 60,364 shares. Based on an average daily trading volume, of 27,472 shares, the short-interest ratio is currently 1.2 days. Approximately 1.9% of the company’s stock are short sold. Approximately 1.9% of the company’s stock are short sold. Based on an average daily trading volume, of 27,472 shares, the short-interest ratio is currently 1.2 days.

KraneShares Emerging Markets Consumer Technology ETF Trading Down 0.0%

NYSEARCA KEMQ traded down $0.01 during trading on Friday, reaching $25.36. The company’s stock had a trading volume of 20,351 shares, compared to its average volume of 36,845. KraneShares Emerging Markets Consumer Technology ETF has a 1-year low of $15.95 and a 1-year high of $28.47. The business has a 50-day moving average price of $25.93 and a 200-day moving average price of $25.71. The stock has a market capitalization of $43.11 million, a PE ratio of 18.05 and a beta of 0.83.

KraneShares Emerging Markets Consumer Technology ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 22nd were issued a $1.2982 dividend. This represents a dividend yield of 529.0%. The ex-dividend date was Monday, December 22nd.

Hedge Funds Weigh In On KraneShares Emerging Markets Consumer Technology ETF

Several institutional investors have recently modified their holdings of KEMQ. Raymond James Financial Inc. bought a new position in KraneShares Emerging Markets Consumer Technology ETF in the second quarter valued at $48,000. Tradition Wealth Management LLC boosted its stake in shares of KraneShares Emerging Markets Consumer Technology ETF by 89.2% during the 4th quarter. Tradition Wealth Management LLC now owns 16,903 shares of the company’s stock worth $417,000 after buying an additional 7,970 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of KraneShares Emerging Markets Consumer Technology ETF by 60.7% in the 2nd quarter. Jane Street Group LLC now owns 23,586 shares of the company’s stock valued at $531,000 after acquiring an additional 8,910 shares in the last quarter. Finally, LPL Financial LLC grew its holdings 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 acquiring 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.