KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Short Interest Up 128.2% in October

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 308,800 shares, a growth of 128.2% from the September 30th total of 135,300 shares. Based on an average trading volume of 16,500 shares, the short-interest ratio is presently 18.7 days. Currently, 18.2% of the company’s stock are sold short. Currently, 18.2% of the company’s stock are sold short. Based on an average trading volume of 16,500 shares, the short-interest ratio is presently 18.7 days.

KraneShares Emerging Markets Consumer Technology ETF Price Performance

KEMQ opened at $26.78 on Friday. The company’s 50-day moving average is $25.74 and its 200 day moving average is $22.81. The firm has a market capitalization of $45.53 million, a PE ratio of 18.05 and a beta of 0.83. KraneShares Emerging Markets Consumer Technology ETF has a fifty-two week low of $15.95 and a fifty-two week high of $27.59.

Institutional Trading of KraneShares Emerging Markets Consumer Technology ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC grew its holdings in shares of KraneShares Emerging Markets Consumer Technology ETF by 60.7% during the 2nd 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. Raymond James Financial Inc. bought a new position in shares of KraneShares Emerging Markets Consumer Technology ETF during the 2nd quarter valued at $48,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of KraneShares Emerging Markets Consumer Technology ETF during the 1st quarter valued at $919,000.

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.