KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Short Interest Down 49.1% in July

by · The Markets Daily

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX – Get Free Report) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 6,190 shares, a decline of 49.1% from the July 15th total of 12,166 shares. Based on an average trading volume of 10,531 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the company’s shares are sold short.

KraneShares MSCI Emerging Markets ex China Index ETF Stock Performance

KEMX stock traded down $0.01 during midday trading on Friday, reaching $50.51. 7,084 shares of the company traded hands, compared to its average volume of 21,863. KraneShares MSCI Emerging Markets ex China Index ETF has a 52-week low of $32.12 and a 52-week high of $54.90. The business has a 50 day moving average of $50.12 and a 200-day moving average of $46.59. The firm has a market capitalization of $131.33 million, a price-to-earnings ratio of 14.81 and a beta of 0.89.

Institutional Trading of KraneShares MSCI Emerging Markets ex China Index ETF

Several hedge funds and other institutional investors have recently bought and sold shares of KEMX. Ascentis Independent Advisors purchased a new position in KraneShares MSCI Emerging Markets ex China Index ETF during the first quarter worth $1,114,000. Systelligence LLC purchased a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the first quarter valued at $9,061,000. Jane Street Group LLC raised its stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 22.6% in the fourth quarter. Jane Street Group LLC now owns 173,030 shares of the company’s stock valued at $6,416,000 after acquiring an additional 31,842 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 3.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,853 shares of the company’s stock worth $402,000 after acquiring an additional 375 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 28.2% in the 4th quarter. LPL Financial LLC now owns 39,187 shares of the company’s stock worth $1,453,000 after acquiring an additional 8,626 shares during the last quarter.

KraneShares MSCI Emerging Markets ex China Index ETF Company Profile

(Get Free Report)

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.

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