KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Short Interest Update

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) was the recipient of a significant drop in short interest during 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. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 7,060 shares, the days-to-cover ratio is currently 0.6 days.

KraneShares MSCI Emerging Markets ex China Index ETF Price Performance

NYSEARCA KEMX traded up $1.10 on Thursday, reaching $51.58. The company had a trading volume of 1,674 shares, compared to its average volume of 19,871. The firm has a market cap of $154.69 million, a price-to-earnings ratio of 14.81 and a beta of 0.89. 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 of $49.93 and a two-hundred day moving average of $47.86.

Institutional Trading of KraneShares MSCI Emerging Markets ex China Index ETF

Several hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. bought a new stake in KraneShares MSCI Emerging Markets ex China Index ETF in the 1st quarter valued at about $47,000. Invested Advisors acquired a new stake in KraneShares MSCI Emerging Markets ex China Index ETF in the second quarter valued at approximately $200,000. Cetera Investment Advisers bought a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the first quarter valued at approximately $404,000. SFG Wealth Management LLC. increased its holdings in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 78.3% during the second quarter. SFG Wealth Management LLC. now owns 18,879 shares of the company’s stock valued at $991,000 after acquiring an additional 8,292 shares in the last quarter. Finally, Ascentis Independent Advisors acquired a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the first quarter worth approximately $1,114,000.

About KraneShares MSCI Emerging Markets ex China Index ETF

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.