Short Interest in KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Decreases By 77.2%

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 934 shares, a decline of 77.2% from the May 31st total of 4,102 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 18,063 shares, the days-to-cover ratio is currently 0.1 days.

KraneShares MSCI Emerging Markets ex China Index ETF Price Performance

KEMX stock opened at $51.45 on Friday. The stock has a market cap of $133.77 million, a price-to-earnings ratio of 14.81 and a beta of 0.88. The company has a 50 day simple moving average of $49.49 and a 200 day simple moving average of $43.77. KraneShares MSCI Emerging Markets ex China Index ETF has a 1 year low of $31.87 and a 1 year high of $54.90.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Systelligence LLC acquired a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the 1st quarter valued at $9,061,000. Jane Street Group LLC boosted its stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 49.9% during the first quarter. Jane Street Group LLC now owns 234,100 shares of the company’s stock valued at $6,526,000 after purchasing an additional 77,922 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the first quarter valued at about $1,114,000. SFG Wealth Management LLC. bought a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the third quarter worth about $377,000. Finally, Cetera Investment Advisers bought a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the first quarter worth about $404,000.

KraneShares MSCI Emerging Markets ex China Index ETF Company Profile

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.