KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Short Interest Up 28.9% in January

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 60,364 shares, a growth of 28.9% from the January 15th total of 46,847 shares. Based on an average trading volume of 68,850 shares, the days-to-cover ratio is presently 0.9 days. Currently, 3.6% of the shares of the stock are sold short. Currently, 3.6% of the shares of the stock are sold short. Based on an average trading volume of 68,850 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On KraneShares Emerging Markets Consumer Technology ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KEMQ. Raymond James Financial Inc. purchased a new stake in shares of KraneShares Emerging Markets Consumer Technology ETF in the 2nd quarter valued at about $48,000. Tradition Wealth Management LLC increased 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 worth $417,000 after purchasing an additional 7,970 shares during the last quarter. Jane Street Group LLC increased its position 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 worth $531,000 after purchasing an additional 8,910 shares during the last quarter. Finally, LPL Financial LLC raised 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 valued at $14,405,000 after purchasing an additional 456,361 shares in the last quarter.

KraneShares Emerging Markets Consumer Technology ETF Stock Performance

KraneShares Emerging Markets Consumer Technology ETF stock traded down $0.07 during midday trading on Monday, reaching $25.37. 23,380 shares of the stock were exchanged, compared to its average volume of 40,869. KraneShares Emerging Markets Consumer Technology ETF has a 52 week low of $15.95 and a 52 week high of $28.47. The firm has a market cap of $43.13 million, a PE ratio of 18.05 and a beta of 0.83. The company’s fifty day moving average is $25.93 and its 200-day moving average is $25.52.

KraneShares Emerging Markets Consumer Technology ETF Dividend Announcement

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

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.