KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Shares Down 3.8% – Time to Sell?

Shares of KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) fell 3.8% on Thursday . The company traded as low as $39.49 and last traded at $39.49. 36,352 shares traded hands during mid-day trading, a decline of 2% from the average session volume of 37,158 shares. The stock had previously closed at $41.06.

KraneShares MSCI Emerging Markets ex China Index ETF Stock Performance

The business’s 50 day simple moving average is $42.11 and its 200-day simple moving average is $38.39. The stock has a market capitalization of $78.62 million, a price-to-earnings ratio of 14.81 and a beta of 0.82.

KraneShares MSCI Emerging Markets ex China Index ETF Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were given a $0.0418 dividend. This represents a dividend yield of 11.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

Hedge Funds Weigh In On KraneShares MSCI Emerging Markets ex China Index ETF

Institutional investors have recently made changes to their positions in the business. Jane Street Group LLC grew its holdings in 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 valued at $6,416,000 after buying an additional 31,842 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 3.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,853 shares of the company’s stock worth $402,000 after buying an additional 375 shares during the last quarter. LPL Financial LLC boosted its position in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 28.2% in the fourth quarter. LPL Financial LLC now owns 39,187 shares of the company’s stock valued at $1,453,000 after acquiring an additional 8,626 shares during the period. Thomasville National Bank grew its stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 1.6% in the fourth quarter. Thomasville National Bank now owns 139,687 shares of the company’s stock worth $5,180,000 after acquiring an additional 2,237 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 31.7% in the third quarter. IFP Advisors Inc now owns 1,840 shares of the company’s stock worth $64,000 after acquiring an additional 443 shares during the last quarter.

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.