KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Trading 1.2% Higher – Should You Buy?

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ)’s stock price shot up 1.2% during trading on Tuesday . The company traded as high as $25.38 and last traded at $25.33. 4,868 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 22,184 shares. The stock had previously closed at $25.04.

KraneShares Emerging Markets Consumer Technology ETF Stock Down 0.9%

The company has a 50 day simple moving average of $25.46 and a 200-day simple moving average of $25.04. The stock has a market cap of $24.92 million, a price-to-earnings ratio of 18.05 and a beta of 0.90.

Hedge Funds Weigh In On KraneShares Emerging Markets Consumer Technology ETF

Several large investors have recently added to or reduced their stakes in KEMQ. Raymond James Financial Inc. bought a new stake in KraneShares Emerging Markets Consumer Technology ETF during the second quarter valued at $48,000. Tradition Wealth Management LLC grew its position 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 valued at $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% during 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 last quarter. Finally, LPL Financial LLC lifted 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 worth $14,405,000 after purchasing an additional 456,361 shares during the last quarter.

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.