KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Short Interest Down 45.4% in August

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 3,981 shares, a drop of 45.4% from the August 15th total of 7,290 shares. Based on an average daily trading volume, of 7,060 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the company’s shares are short sold.

KraneShares MSCI Emerging Markets ex China Index ETF Price Performance

KEMX stock traded down $0.31 during midday trading on Tuesday, reaching $50.36. 4,813 shares of the company’s stock traded hands, compared to its average volume of 20,045. KraneShares MSCI Emerging Markets ex China Index ETF has a fifty-two week low of $34.23 and a fifty-two week high of $54.90. The business has a 50-day moving average price of $49.92 and a two-hundred day moving average price of $47.80. The company has a market capitalization of $130.95 million, a P/E ratio of 14.81 and a beta of 0.89.

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

Hedge funds have recently made changes to their positions in the business. Ascentis Independent Advisors purchased a new stake in KraneShares MSCI Emerging Markets ex China Index ETF during the 1st quarter worth $1,114,000. Systelligence LLC purchased a new position in KraneShares MSCI Emerging Markets ex China Index ETF in the first quarter valued at about $9,061,000. SFG Wealth Management LLC. raised its position in KraneShares MSCI Emerging Markets ex China Index ETF by 78.3% in the second quarter. SFG Wealth Management LLC. now owns 18,879 shares of the company’s stock valued at $991,000 after purchasing an additional 8,292 shares during the period. Invested Advisors acquired a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the second quarter worth about $200,000. Finally, Cetera Investment Advisers acquired a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the first quarter worth about $404,000.

KraneShares MSCI Emerging Markets ex China Index ETF Company Profile

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.