KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Stock Price Down 0.6% – What’s Next?

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) fell 0.6% during mid-day trading on Tuesday . The stock traded as low as $25.54 and last traded at $25.61. 4,400 shares were traded during mid-day trading, a decline of 77% from the average session volume of 18,956 shares. The stock had previously closed at $25.76.

KraneShares Emerging Markets Consumer Technology ETF Price Performance

The firm has a market cap of $25.50 million, a P/E ratio of 18.05 and a beta of 0.91. The company’s 50 day moving average is $25.66 and its two-hundred day moving average is $24.90.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KEMQ. Raymond James Financial Inc. bought a new stake in KraneShares Emerging Markets Consumer Technology ETF in the 2nd quarter valued at $48,000. Tradition Wealth Management LLC grew its stake in shares of 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 raised its stake in 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 worth $531,000 after acquiring an additional 8,910 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings 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 valued at $14,405,000 after purchasing an additional 456,361 shares during the last quarter.

About KraneShares Emerging Markets Consumer Technology ETF

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.