KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Sees Large Decline in Short Interest

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 32,456 shares, a decline of 46.2% from the January 29th total of 60,364 shares. Based on an average daily volume of 27,472 shares, the short-interest ratio is currently 1.2 days. Currently, 1.9% of the shares of the company are short sold. Currently, 1.9% of the shares of the company are short sold. Based on an average daily volume of 27,472 shares, the short-interest ratio is currently 1.2 days.

KraneShares Emerging Markets Consumer Technology ETF Stock Down 0.0%

Shares of NYSEARCA KEMQ traded down $0.01 during mid-day trading on Friday, reaching $25.36. 20,351 shares of the company were exchanged, compared to its average volume of 36,845. The stock has a market capitalization of $43.11 million, a P/E ratio of 18.05 and a beta of 0.83. The company’s 50-day simple moving average is $25.93 and its 200-day simple moving average is $25.71. KraneShares Emerging Markets Consumer Technology ETF has a twelve month low of $15.95 and a twelve month high of $28.47.

KraneShares Emerging Markets Consumer Technology ETF Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 22nd were given a dividend of $1.2982 per share. The ex-dividend date was Monday, December 22nd. This represents a yield of 529.0%.

Hedge Funds Weigh In On KraneShares Emerging Markets Consumer Technology ETF

Several institutional investors and hedge funds have recently made changes to their positions in KEMQ. Raymond James Financial Inc. bought a new position in shares of KraneShares Emerging Markets Consumer Technology ETF during the second quarter worth approximately $48,000. Tradition Wealth Management LLC boosted its stake in KraneShares Emerging Markets Consumer Technology ETF by 89.2% in the 4th quarter. Tradition Wealth Management LLC now owns 16,903 shares of the company’s stock valued at $417,000 after purchasing an additional 7,970 shares during the period. Jane Street Group LLC grew its holdings in KraneShares Emerging Markets Consumer Technology ETF by 60.7% in the 2nd quarter. Jane Street Group LLC now owns 23,586 shares of the company’s stock valued at $531,000 after buying an additional 8,910 shares in the last quarter. Finally, LPL Financial LLC increased its position in KraneShares Emerging Markets Consumer Technology ETF by 356.5% during the 4th quarter. LPL Financial LLC now owns 584,373 shares of the company’s stock worth $14,405,000 after buying an additional 456,361 shares during the period.

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.