KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Trading Down 3.8% – Should You Sell?

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) dropped 3.8% on Thursday . The company traded as low as $39.49 and last traded at $39.49. Approximately 36,352 shares traded hands during mid-day trading, a decline of 2% from the average daily volume of 37,158 shares. The stock had previously closed at $41.06.

KraneShares MSCI Emerging Markets ex China Index ETF Stock Performance

The firm has a 50 day moving average price of $42.12 and a two-hundred day moving average price of $38.35. The company has a market capitalization of $78.98 million, a P/E ratio of 14.81 and a beta of 0.82.

KraneShares MSCI Emerging Markets ex China Index ETF Cuts Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were paid a $0.0418 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a yield of 11.0%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. FAS Wealth Partners Inc. lifted its holdings in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 0.6% during the third quarter. FAS Wealth Partners Inc. now owns 447,175 shares of the company’s stock valued at $15,475,000 after acquiring an additional 2,605 shares during the period. Thomasville National Bank grew its holdings in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 1.6% in the 4th quarter. Thomasville National Bank now owns 139,687 shares of the company’s stock worth $5,180,000 after purchasing an additional 2,237 shares during the last quarter. LPL Financial LLC increased its position in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 28.2% during the 4th 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 in the last quarter. Jane Street Group LLC increased its position in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 49.9% during the 1st 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 in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in KraneShares MSCI Emerging Markets ex China Index ETF by 3.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,853 shares of the company’s stock valued at $402,000 after purchasing an additional 375 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.