KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Short Interest Down 75.6% in April

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 3,795 shares, a drop of 75.6% from the April 15th total of 15,534 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 12,278 shares, the days-to-cover ratio is currently 0.3 days.

KraneShares MSCI Emerging Markets ex China Index ETF Stock Up 2.3%

NYSEARCA:KEMX traded up $1.10 on Wednesday, reaching $49.18. 6,304 shares of the company’s stock traded hands, compared to its average volume of 29,284. The stock has a 50-day simple moving average of $43.49 and a 200-day simple moving average of $40.62. The firm has a market cap of $127.87 million, a PE ratio of 14.81 and a beta of 0.86. KraneShares MSCI Emerging Markets ex China Index ETF has a 12 month low of $29.92 and a 12 month high of $50.18.

Institutional Investors Weigh In On KraneShares MSCI Emerging Markets ex China Index ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Systelligence LLC bought a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the first quarter worth about $9,061,000. Jane Street Group LLC increased its holdings in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 49.9% in the first quarter. Jane Street Group LLC now owns 234,100 shares of the company’s stock worth $6,526,000 after purchasing an additional 77,922 shares during the last quarter. Ascentis Independent Advisors bought a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the first quarter worth about $1,114,000. SFG Wealth Management LLC. bought a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the third quarter worth about $377,000. Finally, LPL Financial LLC increased its holdings in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 28.2% in the fourth quarter. LPL Financial LLC now owns 39,187 shares of the company’s stock worth $1,453,000 after purchasing an additional 8,626 shares during the last quarter.

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.