KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Trading Down 0.6% – Should You Sell?

Shares of KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQGet Free Report) were down 0.6% during trading on Tuesday . The stock traded as low as $25.54 and last traded at $25.61. Approximately 4,400 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 18,956 shares. The stock had previously closed at $25.76.

KraneShares Emerging Markets Consumer Technology ETF Stock Performance

The stock’s 50-day simple moving average is $25.65 and its two-hundred day simple moving average is $24.89. The stock has a market cap of $25.61 million, a price-to-earnings ratio of 18.05 and a beta of 0.91.

Hedge Funds Weigh In On KraneShares Emerging Markets Consumer Technology ETF

Hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in KraneShares Emerging Markets Consumer Technology ETF during the 2nd quarter valued at $48,000. Tradition Wealth Management LLC increased its stake in shares of KraneShares Emerging Markets Consumer Technology ETF by 89.2% in the fourth quarter. Tradition Wealth Management LLC now owns 16,903 shares of the company’s stock valued at $417,000 after buying an additional 7,970 shares in the last quarter. Jane Street Group LLC increased its stake in shares of KraneShares Emerging Markets Consumer Technology ETF by 60.7% in the second quarter. Jane Street Group LLC now owns 23,586 shares of the company’s stock valued at $531,000 after buying an additional 8,910 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of KraneShares Emerging Markets Consumer Technology ETF by 356.5% in the fourth quarter. LPL Financial LLC now owns 584,373 shares of the company’s stock valued at $14,405,000 after buying an additional 456,361 shares during the last quarter.

About KraneShares Emerging Markets Consumer Technology ETF

(Get Free Report)

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.

Further Reading

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