KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Shares Up 2.7% – Should You Buy?

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) shares shot up 2.7% during mid-day trading on Monday . The company traded as high as $23.00 and last traded at $22.83. 2,154 shares changed hands during trading, a decline of 93% from the average session volume of 28,897 shares. The stock had previously closed at $22.24.

KraneShares Emerging Markets Consumer Technology ETF Price Performance

The stock has a market capitalization of $39.08 million, a P/E ratio of 18.05 and a beta of 0.83. The stock’s fifty day moving average price is $25.13 and its 200 day moving average price is $25.69.

Hedge Funds Weigh In On KraneShares Emerging Markets Consumer Technology ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in shares of KraneShares Emerging Markets Consumer Technology ETF during the second quarter worth approximately $48,000. Jane Street Group LLC boosted its holdings in shares of KraneShares Emerging Markets Consumer Technology ETF by 60.7% in the second quarter. Jane Street Group LLC now owns 23,586 shares of the company’s stock valued at $531,000 after purchasing an additional 8,910 shares during the period. Tradition Wealth Management LLC grew its stake in 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 worth $417,000 after purchasing an additional 7,970 shares in the last quarter. Finally, LPL Financial LLC grew its stake in KraneShares Emerging Markets Consumer Technology ETF by 356.5% in the fourth quarter. LPL Financial LLC now owns 584,373 shares of the company’s stock worth $14,405,000 after purchasing 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.